The 0.5 percentage point increase is the sharpest increase since February, surprising economists who had been expecting a hike of 0.25 percentage points.
EXCLUSIVE: Britain s gross national debt reached £2.5trillion pounds at the end of last year with economists warning the UK s debt to GDP ratio has never been as high in peacetime.
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Carnegie Endowment for International Peace
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Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also makes these countries part