Africa Quote by Jeremy J. Siegel
““Africa remains a small part of the world economy until 2070, when it begins to expand rapidly, reaching 14 percent, the same size as the economy of China, by the end of the century.””
About This Quote
Source Report: Global Economic Outlook, 2023, Bloomberg
Africa's share of global GDP will stay low until around 2070, then accelerate to match China's 14% share by century's end.
In simple terms: Africa will grow fast after 2070, reaching 14% of world economy.
Invest in long‑term African markets.
Themes
Mood
Type
When to use this quote
- policy planning
- investment strategy
- development aid
- corporate expansion
Key Concepts
Questions to Reflect On
- How can investors mitigate risk in emerging African economies?
- What policies will support sustainable growth?
Growth may be uneven and hindered by political instability.