Jobs growth figures for August and July were also revised up by 69,000, suggesting the economy was not as weak in those months as previously thought. The figures will reassure economists who had been wondering whether the economy was really bouncing back.
The right kind of interventionism
Rwanda is a better place to do business than France, a country with a per-capita GDP about 61 times higher. Another report from the bank shows that of the 20 economies worldwide making the most progress in improving business regulation, nine are in SSA. But on the whole the picture is gloomy. The average ranking for SSA countries is considerably lower than that of the rest of the world (see chart). Some do very badly, taking up 19 out of the bottom 24 countries in the list. Average ranking in "Doing Business" report (Source: World Bank) What can be done to improve the situation?