{"id":10786,"date":"2012-05-28T22:13:32","date_gmt":"2012-05-28T20:13:32","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-2-africa-mustnt-let-growth-go-to-its-head-afdb\/"},"modified":"2012-05-28T22:13:32","modified_gmt":"2012-05-28T20:13:32","slug":"update-2-africa-mustnt-let-growth-go-to-its-head-afdb","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-africa-mustnt-let-growth-go-to-its-head-afdb\/","title":{"rendered":"UPDATE 2-Africa mustn&#8217;t let growth go to its head-AfDB"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Euro area crisis seen as key risk<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Ensuring job creation also a challenge<\/p>\n<p> (Rewrites throughout)<\/p>\n<p><span><\/span><\/p>\n<p>By Duncan Miriri<\/p>\n<p><span><\/span><\/p>\n<p>ARUSHA, Tanzania, May 28 (Reuters) &#8211; Africa&#8217;s robust 4.5<br \/>\npercent economic growth forecast for 2012 should not prompt<br \/>\npremature celebration, the African Development Bank (AfDB)<br \/>\ncautioned on Monday, citing the festering euro zone crisis and<br \/>\nchronic youth joblessness.<\/p>\n<p><span><\/span><\/p>\n<p>Ranked as the poorest continent in the world, Africa has<br \/>\nposted strong growth rates in recent years, second only to Asia,<br \/>\ndrawing rising inward investment and giving rise to talk of its<br \/>\neconomic resilience, accompanied by much self-congratulation<br \/>\namong officials.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I&#8217;ll be cautioning against excessive exuberance,&#8221; Donald<br \/>\nKaberuka, AfDB president said at the launch of its African<br \/>\nEconomic Outlook, at the start of the bank&#8217;s annual meeting.<\/p>\n<p><span><\/span><\/p>\n<p>The AfDB&#8217;s forecast for 2012 outpaces the 3.4 percent growth<br \/>\nrate posted in 2011, after the Arab spring in North Africa cut<br \/>\nthe northern region&#8217;s growth in economic output to 0.5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>In contrast, sub-Saharan Africa grew by more than 5 percent,<br \/>\nwith the exception of South Africa, the continent&#8217;s most<br \/>\nadvanced economy, which expanded output by 3.1 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The euro zone and other rich nations would take some time to<br \/>\nresolve the issues bedevilling their economies, Kaberuka said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Euro area crisis seen as key risk * Ensuring job creation also a challenge (Rewrites throughout) By Duncan Miriri ARUSHA, Tanzania, May 28 (Reuters) &#8211; Africa&#8217;s robust 4.5 percent economic growth forecast for 2012 should not prompt premature celebration, the African Development Bank (AfDB) cautioned on Monday, citing the festering euro zone crisis and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10786"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}