A majority of Africans say national economic conditions are bad

Macroeconomics and markets

New findings from Afrobarometer, based on surveys conducted in an unprecedented 34 African countries between October 2011 and June 2013, reveal widespread dissatisfaction with current economic conditions despite a decade of strong growth.

Annual GDP growth on the continent averaged 4.8% over the past decade (2002-11)1, prompting The Economist magazine to tag Africa as ‘The Hopeful Continent’, and an abundance of upbeat macroeconomic statistics has made Africa a new darling of portfolio investors.

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