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Overview of Southern Africa
Economic growth in the region declined to 1.1 percent (from 1.9 percent in 2015), and remained weak across most countries. Madagascar and Mozambique were rare bright spots, posting growth rates above 4 percent, despite a dip in the growth rate in Mozambique (6.6 percent in 2015).
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In 2013, Southern Africa posted a growth rate of 3%, virtually unchanged from 2012. The overall growth rate should be between 4% in 2014 and 4.4% in 2015.
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African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa
Tel: +27 12 003 6900