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Africa on the cusp of economic boom
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#1 Posted : Tuesday, November 20, 2012 8:36:21 AM
Rank: New-farer


Joined: 11/5/2012
Posts: 13
NAIROBI; KENYA: Some predictions are difficult to fathom.

Take the assertion that in a span of a decade — from 2040 to 2050 — Kenya’s economy will overtake Argentina, Switzerland, Turkey, Indonesia, South Korea and Mexico in that order.

By all accounts, this appears farfetched, even utopian. Today, according to the World Bank, Kenya’s gross domestic product (GDP) stands at a miserable $33.6 billion.

This compares badly to Turkey’s $773 billion, Indonesia’s $846.8 billion, South Korea’s $1.12 trillion and Mexico’s $1.16 trillion.

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