That’s more a fact about the massive volatility of resource-extraction economies than anything else, really. That’s how you get things like a projected GDP growth rate of +60% this year and −50% last year in Southern Sudan (those are not typos).
Besides, it’s much easier to be “fast growing” when you start from a low base. That’s why “fastest growing” almost always indicates hype when used to try to sell you something.
That’s more a fact about the massive volatility of resource-extraction economies than anything else, really. That’s how you get things like a projected GDP growth rate of +60% this year and −50% last year in Southern Sudan (those are not typos).
Besides, it’s much easier to be “fast growing” when you start from a low base. That’s why “fastest growing” almost always indicates hype when used to try to sell you something.