realistic or deluded? akinwumi adesina, welcome to hardtalk. it s good to see you, stephen. it s great to have you here. you need the world to believe in a bright african future. how is that going right now? it s going pretty well. if you take a look at the african economic outlook we had from the african development bank, the gdp growth rate, gdp growth rates last year was 3.1%. this year, it s 3.7%. and next year, it s going to be 4.3%. now, why that is important is that that is well above the global average. you still have ten out of the 20 fastest growing economies in the world being in africa. yeah, it s not quite as good as it sounds because you have fast rising populations across africa. yes, but when you have a lot of global shocks like we have, increasing real interest rates, and you have also a lot of geopolitical risks, you have a lot of inflation all around the world, africa still has its head above the water. yeah, i agree with you that in terms of the population
Their possibilities, the skys the limit. It is limitless. There is no reason the nation of africa cannot and should not join the ranks of the worlds most prosperous nations in the nearterm, in the decades ahead. There is simply no reason. As we look to the future to try to help realize that vision, the question is no longer, when i got here as a young man on the Senate Foreign relations committee, the question was always what can we do for africa . That is no longer the question. It is what can we do with africa. Not what can we do for africa. What can we do together . And i mean that. And the president means it as well. There is a significant opportunity for the United States and africa to do more that benefit both of our communities. This is americas economic selfinterest. Billion in u. S. Exports to quarterlready support a of a million american jobs here in the united dates. States. African consumers are spending 1. 3 trillion, and that is projected to double by the year 2030. Time,
Necessary for the function because it creates incentives to work hard and take risks. Left entirely to his own, the market system will produce more inequality in this economically necessary. Here in our country, we have much more inequality than is necessary for efficiency. I believe this is a moral problem from the standpoint of social equity. But excessive inequality not only undermines social and political cohesion, it is also recently been shown to have negative effects on growth and stability as well. Recent research at the imf has shown that excessive inequality slows growth, costa pricetoearnings gemelli to weaker demand and lower section. Reducing inequality is increasingly understood to contribute to Economic Growth. Inequality is also a political problem. We now have an increasing degree of resistance on the part of Many Americans to new trade agreements because they see themselves as the dems of globalization resident as participants benefit. I believe our International Econ
The worst welcome home sales the weak showing in the movie street critical it gets up to the Chinese Consumer spending and the just concluded maybe politics. The sun is. Bj first up trying to mimic the job started as a weeklong trip to africa. You need a ride in ethiopias capital addis ababa on sunday and met with mr Holley Marion gasoline. Ms li said china is willing to continue its cooperation with ethiopia in infrastructure such as roads railways as well as telecom services. He also said china supports ethiopias efforts to build special Economic Zones as well as is the two parks is willing to fight the necessary technology. He said china will continue to encourage companies and Financial Institutions to invest in ethiopia. Thus i knew was in cooperation with china has improved ethiopias Economic Growth in restructuring after their meeting the two leaders were o countries signed a number of contracts including wellington cooperation agreements with the construction of roads as well a
Hello, this is algebra and these are the headlines for me us President Donald Trump is suspected violating the espionage act after the f. B. I seized classified documents from his florida state. This week. They reportedly include material relating to nuclear weapons. The acclaimed uncontroversial ortho summon, rusty is on a ventilator and unable to speak after being stabbed as a literary event in new york state. His agent says he suffered injuries to his arm and abdomen and may lose. And i please have arrested a 24 year old man. The motion is adopt the us house of representatives has approve the biggest climate package in the countrys history. Its being seen as a major victory for president joe biden. 370000000000. 00 will be set aside to flight climate change. With a final passage of the Inflation Reduction Act in the house of representatives, the American People are going to see lower Prescription Drug prices, Lower Health Care costs, and Lower Energy Costs and big corporations are f