How Solid Is Economic Growth in the East African Community?

The East African Community (EAC) countries’ economic growth performance during the past decade has been impressive:1 at 6.2 percent, the EAC’s (unweighted) average growth rate in 2004–13 is in the top one-fifth of the distribution of 10-year growth rate episodes experienced by all countries worldwide since 1960. Such performance is even more remarkable taking into account that the past decade encompasses the global economic and financial crisis that began in 2007. Will this prove to be an isolated episode, with growth returning to lower levels in the years ahead, or is strong growth going to persist?