JOHANNESBURG: The turmoil in North Africa is hampering economic growth across the continent but is also inspiring democratic change elsewhere, the chief economist of the Africa Development Bank said Monday.
In a speech, Mthuli Ncube said the unrest in Egypt, Libya and Tunisia is likely to reduce economic growth in North Africa this year to 0.7 percent from 4.7 percent last year. Overall, Africa's growth is estimated at 3.7 percent in 2011, down from 4.9 percent last year.
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