Without a doubt, virtually all of the international media markets have been following the economic issues in the US. Since the bailout package emerged in the US Congress last week, I wanted to share perspective on this enigmatic number that is almost impossible for us to understand, unless our names are Bill Gates, OprahWinfrey, Warren Buffett, or Michael Bloomberg.
If you lump all of the countries of West Africa together, the “Bailout” is larger than the economies of the 15 countries of West Africa: Benin,Burkina Faso, Cape Verde, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo combined times two! The 2005 GDP of Economic Community of West Africa was $342 billion.
Does that help you understand $700 billion!
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