African economy to grow 50% by 2019 on emerging middle class and increased household demand, says Deloitte

Africa’s growing middle class: A woman tries on an earring in a jewelry shop

Africa’s gross domestic product may expand by 50 percent to $3.7 trillion by 2019, boosted by an emerging middle class and increased household demand, according to Deloitte.

“Rising consumer demand, aligned with annual growth of around 8 percent is likely to add around $1.1 trillion to African GDP by 2019, with Ethiopia, Uganda and Mozambique among the fastest expanding markets,” the auditing company said in an e-mailed report today.

Read more: Africa Economy to Grow 50% by 2019 on Demand Jump, Deloitte Says – Bloomberg.

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