African countries, taking into account the specific economic circumstances and the productive structures of national economies. African economic outlook how is african economic outlook. The opinions expressed and arguments employed herein do not necessarily reflect the official views of. Cote divoire djibouti egypt equatorial guinea eritrea ethiopia gabon gambia ghana guinea guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania mauritius morocco mozambique namibia niger nigeria rwanda. Global economic prospects january 2018 economic outlook. The african economic outlook aeo celebrates its 15th edition this year. Assuming the full implementation of a comprehensive reform agenda following the autumn 2016 parliamentary elections, economic growth could accelerate and sustainably exceed 3. The government responded to the challenging environment by instituting a raft of measures including a temporary ban on imports, issuance of bond notes and introduction of a command agriculture system.
The combination of low interest rates and a stilllow australian dollar has provided support to some of victorias key industries. But the different stages of development of african countries mean. Click to share on twitter opens in new window click to share on facebook opens in new window. China economic outlook first quarter 2016 a global outlook of anae 2 mic and more fragile growth the intensification during the last quarter of 2015 of some of the risk clusters with a global impact led to a further downward revision of world economic growth forecasts for this year. The world bank s strategy in south africa reflects the countrys development priorities and its unique leadership position at subregional and continental levels. Statistics in this section you can download all statistical tables of african economic outlook 2017 in excel formats. Link global economic outlook 20152016 united nations. The areas gross domestic product will probably expand 2. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. In july 2016, the government adopted a new economic growth plan 201630 focusing on the private sector and a three year budget stabilization strategy. Moroccos economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects moroccos growth to slow down to 1. The regions 2020 economic outlook deteriorated markedly this month owing to the intensifying coronavirus fallout and slump in commodity prices, particularly of oil. Indeed, real gdp growth in 2017 was estimated at 4. Also provided are the latest forecasts of real gdp for south africa from the imf and world bank.
May 09, 2017 the areas gross domestic product will probably expand 2. Aug 08, 2017 the african economic outlook aeo 2017 which was published on monday 22 may 2017 by the african development bank indicates that rwanda recorded the most progress in africa in the fight against poverty since 2005, followed by ghana and liberia. South africas political transition is known as one of the most remarkable political feats of the past century. Economic overview in brief the global economic growth outlook has weakened in recent months, led by a sharp slowdown in developing countries. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. Countries should better leverage public funds and infrastructure investments, while encouraging private sector participation. Subsaharan africa economic outlook data, statistics. The nonoil and gas industry accounted for no more than 5% of gdp in 2016, compared with 35% at the end of the 1980s, so the authorities are looking towards a reindustrialization of the country. The outlook is positive, with growth projected at 6. The african economic outlook aeo was prepared by a consortium of three teams from the african development bank afdb, the oecd development centre and the united nations development programme. The outlook for the south african economy has also deteriorated as a result of lower commodity prices, higher borrowing costs and diminished confidence. Africas economic outlook for 2015 how we made it in africa. Global growth boom including commodities, trump protectionism removed, us does not. The african economic outlook aeo 2017 african development.
Imf sees subdued growth outlook for subsaharan africa. Dec 10, 2019 the outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. A section of country notes summarises recent economic growth, forecasts gross domestic product for 2017 and 2018, and highlights the main. Real economic growth is only projected to breach the 3% level by 2020, averaging 2. Unless otherwise indicated, all quarterly growth rates in this report are seasonally adjusted. Commodity prices are expected to stabilize but remain low through 2017 figure 2. African economic outlook 2018 african development bank. The african development bank is launching the 2018 edition of its yearly flagship report, the african economic outlook aeo, on wednesday, january 17, 2018 at its headquarters in abidjan.
In 2016, nigerias economy slipped into recession for the first time in more than two decades reflecting adverse economic shocks, inconsistent economic policies, and deepening security problems in the north east and delta regions. Jan 17, 2016 a new economic report by focuseconomics paints a bleak picture for the south african economy in 2016 and 2017. The sarbs growth estimates are moderately higher than those of the imf for 2016 and 2017, though for the following year, the two forecasts converge. The report is published by the oecd development centre, the african development bank, the united nations. Pricemetrics is a south african economic research consultancy offering independent analysis and expertise in the economics of competition, regulation, price. Structural change and poverty reduction simulations between 2006 and 2016. African economic outlook 2016 african development bank. This report presents the continents current state of affairs and forecasts its situation for the coming two years. Almost all african countries are expected to register higher growth in 2010 than in 2009. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. This chapter analyses recent trends in external financial flows to africa and domestic revenue collection.
Sa sees change in political will with growth creating economic reforms in line with global norms that structurally lift private sector investor confidence and so fixed investment. The data and projections cover 45 subsaharan african countries in the imfs african department. A new economic report by focuseconomics paints a bleak picture for the south african economy in 2016 and 2017. The african economic outlook aeo was prepared by a consortium of three teams from the african development bank afdb, the oecd development centre and the united nations development programme undp. African economic outlook 2016 sustainable cities and. South africa economy gdp, inflation, cpi and interest rate. This is likely to create disruption in transportation, crossborder trade and investments, supply chains and tourism in the west africa region. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. Africas sustainable economic and social transformation is a global priority. Economies in the west african economic and monetary union waemu and in east africa expanded at a robust pace. On june 9, imf african department director antoinette sayeh presented the imfs regional economic outlook for subsaharan africa, which argues that the regions mediumterm prospects remain. Economic overview in brief the south african economy, which grew by an estimated 0.
Economic fundamentals in most african countries have improved, and inflationary pressures are low or have subsided in countries with stable exchange rates. This calls for substantial financial resources at a time when the global development finance landscape is changing. Reo regional economic outlook imf sacu southern african customs union ssa subsaharan africa tfp total factor productivity usaid united states agency for international development var vector autoregression vix chicago board options exchange volatility index waemu west african economic and monetary union. The annual african economic outlook aeo monitors the continents state of affairs. The global economic growth outlook has improved, but is clouded by policy uncertainty as. This annual report examines africas performance in crucial areas. In its world economic outlook report issued at the end of october, the imf projected south africas gdp would expand by 0. This april 2016 issue of the regional economic outlook.
The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the coming two years. African economic outlook 2015 ecas contribution to the world economic and situation prospects 2015 wesp 2015 link meeting. North africa economic outlook 2018 indiaenvironmentportal. The outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. This site is powered by keepeek 360, digital asset management for business. African development bank launches the 2018 edition of the.
This annual report examines africa s performance in crucial areas. The report, which forecasts the outlook for subsaharan africa in 2016 and 2017. Consumer spending in victoria grew at a solid pace of 3. Innovative financing for infrastructure development african union commission small conference 2 january 26th 2018 from 2. Zimbabwe african economic outlook 2017 in 2016, zimbabwes growth more than halved to 0. Growth in south africa, the continents most advanced economy, has been. The north african economy regional economic performance and outlook performance in 2017 and projections for 2018 and 2019 the north africa region has recovered strongly since the arab spring in 2010. In tables, a blank cell indicates not applicable, ellipsis points.
Africas economic growth is projected to increase slightly from 3. Dec 24, 2014 if the ebola outbreak is protracted or spreads, it will have dramatic consequences for economic activity in western africa. African economic outlook 2018 indiaenvironmentportal. Africa economic outlook jeanchristophe batlle, managing director for africa.
Unless otherwise noted, data and projections presented in this regional economic outlook are imf staff estimates as of 25 march, 2016, consistent with the projections underlying the april 2016 world economic outlook. Debt dynamics and development finance in africa, was prepared by a team of unctad contributors, headed by junior roy davis, and composed of the following people. Regional results africa transparency international. Forecasts of the south african economy the following table contains our latest forecast january 2020 of the south african economy for the calendar years 2020 and 2021. Victorian economic outlook summary the victorian economy has performed well over the past couple of years.
African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. The african economic outlook aeo 2017 which was published on monday 22 may 2017 by the african development bank indicates that rwanda recorded the most progress in africa in the fight against poverty since 2005, followed by ghana and liberia. The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the. Mar 25, 2020 economic snapshot for subsaharan africa. Kouassi rene nguettia director economic affairs, commission of the african union 2. On june 9, imf african department director antoinette sayeh presented the imfs regional economic outlook for subsaharan africa, which argues that. The economy sank into a technical recession in the fourth quarter of last year as unprecedented rolling blackouts took their toll, with manufacturing, agriculture and transport the worst affected sectors.
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