Africa�s Economy Expected To Grow At 4.8% in 2012

Sub-Sahara Africa's economy is expected to grow at 4.8 percent in 2012, unchanged from the 4.9 percent recorded in 2011. In the World Bank(WB) Africa's pulse report, the region showed resilience despite the global slow down, growing at a steady pace. The Chief Economist at the World Bank, Shanta Devarajan, discussing the report via video conference in Accra and across Africa said although the economic expansion in the region appears sustainable, good governance is necessary if ordinary people are to enjoy the benefits of the resource wealth of their countries.