A new report from Bridgewater Associates estimates that sub-Saharan Africa requires a doubling of current investment to at least 30% of gross domestic product “to achieve a much steeper development trajectory.” The hedge fund forecasts Africa’s long-term future economic growth at a maximum of 5.5%, based on a “positive but low” long-term output-per-worker growth of 2%, and working-age population growth of about 3%. The estimates “suggest that, unless there is significant and persistent additional action, the region will not achieve the growth levels needed to meaningfully address the current imbalances,” the report said.
Sub-Saharan Africa is Poised to Having More People of Working Age than China in the Coming Decades
