The macroeconomic framework and database used to produce the forecast and statistical. The african economic outlook is available in various editions and formats. Available employment data suggests a decline in unemployment with africas recent growth performance. Economic outlook in brief south africas economy continues to grow, but at a slower rate than previously expected. Subsaharan africa is published twice a year, in the. The annual african economic outlook aeo is an essential reference for monitoring the economic, social and political developments of the continent. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than.
This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. African economic outlook 20 structural transformation. Political environment the economic intelligence unit eiu predicts that political. Therefore, the outlook suggests, like last year, a policy driven twoway trade for united states ethanol. African economic outlook 20 summary in english click to access in html. Population size of big cities and level of economic complexity, 20. Industrializing for growth, jobs and economic transformation. Since the previous economic update of september 2017, a number of important events have improved south africas economic. The report is published by the oecd development centre, the african development bank, the united nations development programme. Since late 2008, economic growth in the gambia has been mainly driven by. Financial flows to nigeria and other african countries through external sources are projected to increase by 9. Although growth slowed in subsaharan africa during 2017, its underlying potential accelerated owing.
Global economic prospects january 2018 economic outlook for. 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. The african economic outlook aeo celebrates its 15th edition this year. Current account deficits have further increased in oilimporting countries. Key messages africas growth remains largely unchanged, despite low commodity prices and slow pick up in trade. Looking ahead, the economic outlook for africa remains optimistic. 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. South africa economy gdp, inflation, cpi and interest rate. For the first time in 15 years and since the onset of the commodity. Since 2007, the underemployment rate for young black college graduates rose 10. The african economic outlook 2017 presents the continents current state of. Development bank, the oecd development centre, the united nations.
Structural transformation and natural resources african development bank development centre of the organisation. Middle classes in ems are rising and influencing the political and economic dialogue. The focus of the 20 edition if structural transformation and natural resources in africa. Almost all african countries are expected to register higher growth in 2010 than in 2009. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. Debt was at 56% of gdp on average in 2017 versus 40% in 20. Economic report on africa 20 united nations economic. Annual average human development index growth in africa, 1980 20. A college degree is no guarantee center for economic and. This years african economic outlook examines how the african continent, its regions.
The 2019 african economic outlook highlights that macroeconomic stabilization and employment outcomes are better when industry leads growth, suggesting that industrialization is a robust path to rapid job creation. The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. Welcome to the 3rd edition of the south african hospitality outlook. For the aeos 15th anniversary, the partners have redesigned the website.
This 11th edition of the african economic outlook aeo is marked by a twintrack performance. World economic and financial surveys regional economic outlook. This years edition will for the first time cover eritrea and south sudan. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. The increasing importance of quality development aid.
Regional economic outlook subsaharan africa, april 2016 regional economic outlook. 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. West africa, east africa, central africa and southern africa in particular, are. Africas economic outlook is promising for 2018, but there are clouds on the horizon.
It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. As discussed in the 20 africa competitiveness report, africas share of global trade remains very small, at around 2 percent of world. Recent growth has been due to growth in sales in commodities, services, and manufacturing. 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. African economic outlook 20 structural transformation and natural resources.
World economic and financial surveys regional economic. This publication focuses on segments within the hospitality industry with detailed forecasts and analysis. The national treasury projects gross domestic product gdp growth of 2. Special thematic edition african economic outlook 20 special thematic edition. A slight recovery is expected next year with improving labour relations and gradually stronger exports. 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. African economic outlook is a reference website which focuses on the economics of most african countries.
Cnuced share of metals in total good exports %, 20, source. Africas economic outlook is promising for 2018, but there. The united states exports will not necessarily all go to brazil, since canadian and european production is expected to be much smaller than. A look at the economy of arica and how the impact of poverty, country debt, monetary aid received and industry has affected africa preindependence and post independence. Growth in south africa is projected to recover more slowly than previously expected, to 1. Africas sustainable economic and social transformation is a global priority. The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents twoyear prospects in crucial areas. Developing africa s workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports.
Africa economic outlook jeanchristophe batlle, managing director for 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. 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. World economic outlook international monetary fund. The report also highlights significant allocations from the 201718 budget to various sectors of the economy.
This page has economic forecasts for south africa including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the south africa economy. Between 2007 and 20, the underemployment rate for all recent college graduates increased 3. This annual report examines africas performance in crucial areas. Inflation rates across the continent have increased, mainly as a consequence of weaker domestic currencies associated with declining commodity prices. Faster economic growth will require greater private investment and improved trade performance.
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