World Bank

Africa’s cocky growth

Though benefiting from little media coverage over the past years, several large areas in Africa have seemed to break free from the vicious circles of poverty and have been posting outstanding growth rates for many consecutive years. While economists often shrugged before, looking at high African growth rates, expecting them to collapse at the next political crisis, a handful of countries have been resisting crises and building their wealth and infrastructural resilience throughout instability phases, paving the way for long-term growth.

The AIIB and the coming of age of China

The coming of being of the Asian Infrastructure Investment Bank (AIIB) is a strategic move by China to outgrow of the US influence in the world economy. Having perceived the emerging realities Britain has decided to join the bank. Its decision to do so is likely to act as a signal for other G7 nations to follow suit.