The report is published by the oecd development centre, the african development bank, the united nations development programme. Since the previous economic update of september 2017, a number of important events have improved south africas economic. African economic outlook 20 structural transformation. World economic outlook international monetary fund. Monetary funds october 2016 world economic outlook the average real growth rate of gross domestic product gdp for subsaharan africa ssa is expected to moderate to 1. This chapter analyses recent trends in external financial flows to africa and domestic revenue collection. African economic outlook 20 summary in english click to access in html.
South africa economy gdp, inflation, cpi and interest rate. The african economic outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework. The african economic outlook 2017 presents the continents current state of. Africas sustainable economic and social transformation is a global priority. Political environment the economic intelligence unit eiu predicts that political. Welcome to the 3rd edition of the south african hospitality outlook. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. The macroeconomic framework and database used to produce the forecast and statistical. Development bank, the oecd development centre, the united nations. Structural transformation and natural resources african development bank development centre of the organisation. The focus of the 20 edition if structural transformation and natural resources in africa. Available employment data suggests a decline in unemployment with africas recent growth performance. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent.
A college degree is no guarantee center for economic and. Africas economic outlook is promising for 2018, but there. Outlook by country growth in south africa, the continents most advanced economy, has been lackluster in 2014, due to protracted strikes, low business confidence, and a depreciating rand. Africa economic outlook jeanchristophe batlle, managing director for africa. This years edition will for the first time cover eritrea and south sudan. This annual report examines africas performance in crucial areas. Subsaharan africa is published twice a year, in the. Africas economic outlook is promising for 2018, but there are clouds on the horizon.
The national treasury projects gross domestic product gdp growth of 2. The journal of african economies is a vehicle to carry rigorous economic analysis, focused entirely on africa, for africans and anyone interested in the continent read the latest special issue from the journal of african economies entitled economic structure, growth, and evolution of inequality and poverty in africa, guestedited by. Since late 2008, economic growth in the gambia has been mainly driven by. Inflation rates across the continent have increased, mainly as a consequence of weaker domestic currencies associated with declining commodity prices. Recent growth has been due to growth in sales in commodities, services, and manufacturing. The african economic outlook is available in various editions and formats. A slight recovery is expected next year with improving labour relations and gradually stronger exports. Almost all african countries are expected to register higher growth in 2010 than in 2009. The ninth edition of the african economic outlook portrays a continent that is slowly emerging from the lingering effects of the worlds deepest and most widespread economic crisis in half a century. Sarb slashes rate to record low as coronavirus darkens economic outlook april 14, 2020 at an emergency meeting ending on 14 april, the monetary policy committee mpc of the south african reserve bank sarb unanimously decided to axe the repurchase rate by 100 basis points to 4. Middle classes in ems are rising and influencing the political and economic dialogue. The united states exports will not necessarily all go to brazil, since canadian and european production is expected to be much smaller than. Global economic prospects january 2018 economic outlook for. World economic and financial surveys regional economic outlook.
West africa, east africa, central africa and southern africa in particular, are. Developing africa s workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Financial flows to nigeria and other african countries through external sources are projected to increase by 9. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. Current account deficits have further increased in oilimporting countries. This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. Cnuced share of metals in total good exports %, 20, source. Debt was at 56% of gdp on average in 2017 versus 40% in 20.
Although growth slowed in subsaharan africa during 2017, its underlying potential accelerated owing. Looking ahead, the economic outlook for africa remains optimistic. Since 2007, the underemployment rate for young black college graduates rose 10. Africas economic outlook for 2015 how we made it in africa. African countries have a real opportunity to capitalize on their resource endowments and high international commodity prices, as well as on opportunities from changes in the global economy to promote economic. For the first time in 15 years and since the onset of the commodity. The increasing importance of quality development aid. The african economic outlook aeo celebrates its 15th edition this year. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. Key messages africas growth remains largely unchanged, despite low commodity prices and slow pick up in trade. This publication focuses on segments within the hospitality industry with detailed forecasts and analysis.
As discussed in the 20 africa competitiveness report, africas share of global trade remains very small, at around 2 percent of world. Waemu west african economic and monetary union who world health organization. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than. World economic and financial surveys regional economic. This years african economic outlook examines how the african continent, its regions. Between 2007 and 20, the underemployment rate for all recent college graduates increased 3. African economic outlook 20 structural transformation and natural resources. The annual african economic outlook aeo is an essential reference for monitoring the economic, social and political developments of the continent. Regional economic outlook subsaharan africa, april 2016 regional economic outlook. Population size of big cities and level of economic complexity, 20. Annual average human development index growth in africa, 1980 20.
Industrializing for growth, jobs and economic transformation. This th edition of the african economic outlook underscores the continents. Economic report on africa 20 united nations economic. Faster economic growth will require greater private investment and improved trade performance. We support the implementation of the african unions strategic vision at continental, regional, national and local levels by coproducing cuttingedge data and analysis with our african member states and partners, and facilitating an open dialogue on policies to accelerate that transformation. The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents twoyear prospects in crucial areas. The report also highlights significant allocations from the 201718 budget to various sectors of the economy. Special thematic edition african economic outlook 20 special thematic edition. This 11th edition of the african economic outlook aeo is marked by a twintrack performance. For the aeos 15th anniversary, the partners have redesigned the website. African economic outlook is a reference website which focuses on the economics of most african countries.
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