According to “The World in 2011″ publication from the Economist, Eritrea will have the World’s fastest growing economy in 2011. The Economist states that Eritrea will have a 17% economic growth, which will largely come from its lucrative mining boom that we have reported on earlier in this blog. Coming in second and third are Qatar and Ghana, with a 15.8% and a 14% GDP growth respectively.
Eleven out of the 20 fastest-growing economies will be in Sub-Saharan Africa, but growth in the region will continue to be driven by exploitation of natural resources. Although still strong, growth in China will be the slowest since 2001. Nonetheless, China will remain the world’s fastest-growing major economy.
SOURCE: THE ECONOMIST
