The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. This year we project that gdp growth will rise to 4%, double what it was in 2016. The expected recovery, however, is at a slower pace than previously envisaged for about twothirds of. Real economic growth is only projected to breach the 3% level by. The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the coming two years. A rise in confidence in early 2018 and the recent upward revision of national accounts for the period 2015 to 2017 suggest that the country is recovering from a. Africas economic growth continues to strengthen, reaching an estimated 3. Economic overview in brief the south african economy, which grew by an estimated 0. But improved macroeconomic and employment outcomes require. Supports the establishment of an african economic community, the end goal of the abuja treaty.
South africa economy gdp, inflation, cpi and interest rate. Africa outlook 2016 summary report 21st january 2016. World economic situation and prospects 2019 unctad. This years outlook offers new and timely analytics to show how african economies are integrat ing, how regional public goods are moving integration beyond the purely economic domain, and how the. Ifes 2016, election guide calendar, international foundation for electoral. South african economic outlook 2019, what experts predict. African economic outlook 2019 ica the infrastructure. This annual report examines africas performance in crucial areas. This annual report examines africa s performance in crucial areas. It is expected, that the deflationary environment will continue in. Assuming gradual improvement in international and domestic conditions, growth is projected to accelerate in all regions in 2016 17. In order to survive and thrive in 2016 and beyond, it is essential for african economies to diversify. 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.
Calendars online and print friendly for any year and month. Implementing agenda 2063 and agenda 2030 for sustainable development in an integrated and coherent manner in africa. Aggregates that include these countries are calculated using data compiled on a calendar year. The turbulence both economic and political in parts of the continent in recent years has doubtless been a shock, but it has not derailed africas growth story. The angolan kwanza continued to plummet against the u. At the dawn of the new millennium the african economic outlook aeo was born out of the recognition that the continent needed a highquality, independent tool for policy makers and analysts, investors, journalists, academics and students to monitor africas economic development on a continuing basis. Saharan africa, a region with a high concentration. Implementing agenda 2063 and agenda 2030 for sustainable.
Subsaharan africa is published twice a year, in the. Increasing the efficiency of public spending to boost growth inflation will peak by the end of 2016 before declining slowly in 2017. In 2019, however shortterm developments in the democratic republic of the congo drc and zimbabwe, as well as the prospects. Admitting that growth is still slowing in many key economies, the firm said it expects things will hit bottomat a regional level, at leastin q3 2016, and then improve going into q4 2016 and q1. This years african economic outlook from the african development bank shows that the continents general economic performance continues to improve. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries. While visualising this calendar please take into account that some countries often publish their data in. While south african economic indicator for growth was 1.
At 27%, the unemployment rate is weighing on household consumption and driving up inequalities. Previous values are available before an economic indicator is reported and marked as revised accordingly. Oecd economic outlook, interim report march 2020 coronavirus. The performance of and outlook for the south african economy. This chapter analyses recent trends in external financial flows to africa and domestic revenue collection.
African economic outlook green growth knowledge platform. Subsaharan africa regional economic outlook international. Sarb slashes rate to record low as coronavirus darkens economic outlook. Sign up to receive free email notices when new series andor country items are posted on the imf website. Kwanza plunges to record low in april amid fallout from covid19. The last article iv executive board consultation was on january 24. Sub saharan africa is published twice a year, in the. 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. Economic fundamentals in most african countries have improved, and inflationary pressures are low or have subsided in countries with stable exchange rates. In july 2016, the government adopted a new economic growth plan 201630 focusing on the private.
African economic outlook 2016 sustainable cities and. Growth in subsaharan africa is projected to remain at 3. East africa remains the fastest growing region, from 5. The general economic performance in africa has continued to make progress. The african economic outlook aeo presents the current state of economic and social development in africa and projects the outlook for the coming two years. African economic outlook 2016 african development bank. 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.
It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. African economic outlook 2019 report is out and the continent is doing just fine. The oecd african economic outlook aeo is a highquality, independent tool for monitoring africas economic development on an ongoing basis.
It explores how foreign direct investment, portfolio investment, remittances and official development. Because africa comprises many different, fastchanging. Create printable calendar pdf create a calendar and print on a printer or send via email. The african economic outlook aeo celebrates its 15th edition this year. Africas general economic performance continues to recover and gdp growth is projected to accelerate to 4% in 2019 and 4.
A new economic report by focuseconomics paints a bleak picture for the south african economy in 2016 and 2017. Africas gdp growth is projected to accelerate to 4. Global economic prospects january 2016 chapter 1 3 summary and key messages a further deceleration of activity in key emerging and developing economies overshadowed a modest recovery. Africa economic outlook jeanchristophe batlle, managing director for africa. This annual report examines africas performance in. The annual african economic outlook aeo monitors the continents state of affairs. At an emergency meeting ending on 14 april, the monetary.
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. The theme for this years report is integration for africas economic prosperity. Eisa 2017, african election calendar, electoral institute for sustainable democracy in. The outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. The african economic outlook aeo presents the current state of economic and social development.
The african development bank has published the 2019 african economic outlook. It also complements the aus agenda 2063 and the uns sdgs. South africa economic calendar this page includes a list of calendar events for south africa. Growth was weak but stabilising until the coronavirus covid19 hit. Trading economics provides its users with a near realtime economic calendar updated 24 hours a day. African economic outlook 2016 summary in english read. Actual values are based on official sources, not third party data providers.
African economic outlook 2019 will be driven by these 5. Ongoing food price inflation, and its knockon effects on manufactured food prices, is pushing up south africa 1. Subsaharan africa economic outlook data, statistics. The impact of the covid19 outbreak on economic prospects is severe. This years african economic outlook examines recent macroeconomic developments and the outlook in africa, focusing on the implications of external. The performance of and outlook for the south african economy introduction ladies and gentlemen, good morning. And 45% of the countries will experience growth rate of above 5%.
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