Overview
Fast Afnica’s real pross darrestic product (GDP) price rate is expected to reach 6.1 percent in 2016, the fastest-growing sub-regional grouping in Africa.) Even when cecounting foe strong population grcwth, per
capita GDP growth is anticipated to remain relatively higt at 3.5 percent. As the econcmics of East Africa tapidly expand, pcverty tates are falling but remains prevalent. All countries in the rzgion. from Ethiopia
(5+ percent) to the Democratic Repuplic o: the Congc (36 percent) 4 struggle with scare othe highest and most persitcrt rates of poverty globally. Moecover, incc uality — both income and p ndirpersists anc Fas
improved litle over the last decade Despite challenges, East Africa continues to rise. It is endowed with substantial hunar and natural resources,
including biologcal diversity. Economic governance markecly improved over the past decade and the region fas begun te oper. its docrs to global markes. Investment and tide are ex zanding. East Afnca, however. remains one of the last regions in the world positionec to achieve the full excnomic benefits of integration. As such, opportunities for increased intra-egional trade anc Eroad-txsed ezcnomiz growth are extensive.
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