There is an urgent need to unlock labor productivity in African economies

On the need to have the right perspective regarding the ongoing two-decade economic slump in African states

I: A two-decade slump in regional growth rates

Talk of “Africa’s lost decade” is becoming common again, with evidence from stagnant or declining per capita incomes in African states amidst the ongoing global economic slowdown, the region’s fiscal squeeze, and a two-decade slump in regional growth rates (see figure below). Two dozen African countries are …