Nigeria and Ghana are expected to be among the world’s fastest growing economies in 2012 says investment banking and research firm, Renaissance Capital.
According to the company’s global Chief Economist, Charles Robertson, in 2011, Ghana was the fastest growing economy from a total of 43 markets driven mostly by its oil industry. Read our post on Ghana’s growth: Ghana is currently the world’s fastest growing economy
Nigeria had the 6th highest growth ahead of India. View the graph of fast growing economies in 2011 below:
In 2012, Ghana is expected to show the strongest GDP growth globally, with Nigeria in 4th position.
However, next year Ghana’s growth will slow down, while Nigeria is likely to remain in 4th position.