Lion economies
Categories: Econ
Rawrrrr...of the lion, not the tiger.
Just as there are tiger economies in SE Asia, there are lion economies in Africa.
Lion economies are growing economies in Africa, the last emerging market frontier, since it’s the least-developed continent, making it the place where there’s the most room for growth.
Lion economies are booming thanks to this room to grow, which attracts foreign investments. Politics and economies of lion economies are getting more stable, too, making investors even happier to feed lion economies. The fastest growing lion economy, Nigeria, has been projected to continue growing at a rate of over seven percent per year (wowza) through 2030, according to the International Monetary Fund (IMF). It's off a small base, but as the country becomes somewhat less corrupt and starts to more efficiently manage its massive oil reserves, those princes will probably reduce their emails to Americans asking for $2,500 to unlock their million dollar inheritances.
Everywhere else, commodity export shocks have hit lion economies hard. Still, as China gets more developed and creates its emerging middle class...who want to consume, consume, consume...Africa is turning into the new China, at least in the manufacturing sense. "Made in China" everywhere will be transitioning to "Made by Lions" before you know it.
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