Nigerias economic recovery defining the path for economic. Proportion could reach 50% in 2030 main points 17 main points. Southern africa economic outlook 2018 india, south asia. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years.
It examines how the african continent, its regions and countries, have weathered the global crisis and what the expectations are for 2010 and 2011. Economic overview in brief the south african economy, which grew by an estimated 0. It also examines financial and structural policies and how they shape. These forecast have been revised significantly lower to around 1. A combination of external and domestic factors was responsible for the slowdown.
In half of the countries, per capita gdp stagnated or fell. This includes a forecasting exercise for 2010 to 2012 using a simple macroeconomic model. Many countries are at risk of falling far off track to achieving the millennium development goal of halving extreme poverty and hunger by 2015. In 20, africa grew by about 4%, on average, compared. Pocket edition african african economic economic outlook 20. Subsaharan africa consensus forecast report focuseconomics. Regional economic outlook for sub saharan africa ssa. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. 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. It also looks at trade policies and regional integration, the progress towards attaining the millennium. Key messages africas growth remains largely unchanged, despite low commodity prices and slow pick up in trade. The economic slowdown in subsaharan africa looks set to be mercifully brief.
The government is expected to reach its target of getting inflation under 10% in. Regional economic outlook for subsaharan africa ssa mumtaz hussain african department international monetary fund october 2016 the parliamentary network on the world bank and international monetary fund, october 2016. External factors included lower commodity prices, a slowdown in major trading partners, and tightening borrowing conditions. The african economic outlook is available in various editions and formats. Focuseconomics consensus forecast for subsaharan africa is the most dependable source of economic information available for the region.
To capture the trend in economic freedom in our model, we used the economic freedom of the world index which was developed by. The negative impact of hivaids on development outcomes in africa, especially in highprevalence countries, is well documented. Domestic economic growth outlook consistently revised downwards south africasgdp growth forecasts have been consistently revised lower. This monthly publication gives you a precise picture of both the current state of affairs and future developments in. Market brief briefing note on the african economic outlook 2010. This th edition of the african economic outlook underscores the continents resilience to regional and global headwinds. At the start of the year, the sarb, the national treasury and the imf all projected growth in the region of 2. Why south africas economic outlook is looking bleak cnbc. North africa economic outlook 2018 indiaenvironmentportal. Nigeria african economic outlook african development bank. Economic objective cae teacher book pdf megaupload growth decelerated from 6. Africa economic outlook jeanchristophe batlle, managing director for africa.
Africa reduce its dependence on aid and other external financial. To capture the trend in economic freedom in our model, we used the economic freedom of the world index which was developed by the frazer institute. Economic activity in subsaharan africa slowed to 3. Because africa comprises many different, fastchanging countries, the report grasps. With the mounting problems facing south africa, cnbc looks at the investment case for the country and whether its economic outlook is starting to look bleak. You get the essentials of research conducted by the leading economists for subsaharan africa within a single publication. Market brief briefing note on the african economic. World bank slashes south africas economic growth outlook.
Africas economic outlook for 2015 how we made it in africa. The performance of and outlook for the south african economy introduction ladies and gentlemen, good morning. Dec 24, 2014 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. Johannesburg the world bank on tuesday slashed the countrys economic growth outlook for this year to 0. The 2010 african economic outlook finds the continent reeling from the effects. Global economic outlook in january of this year the international monetary fund imf lowered its 2016 projection for global economic growth from 3. Thank you to the economist for inviting me to come and address you on the topic the performance of and outlook for the south african economy. Imf, thomson reuters datastream, ifc global macro and market research. Economic outlook no 87 june 2010 flash file economic outlook no 86 november 2009 flash file economic outlook no 86 december 2009 annual projections for oecd countries. The 2010 african economic outlook finds the continent reeling from the effects of the worlds deepest and most widespread recession in half a century. Imf, thomson reuters datastream, ifc global macro and market research real gdp growth. Economic freedom measures the extent to which government policies and institutions enhance the ease of doing business, security and fair competition in a country. Oecd 2010, southeast asian economic outlook 2010, oecd publishing. The african economic outlook is drawn from a countrybycountry analysis based on a unique common framework.
The african economic outlook 2010 investigates how public resource mobilisation can help. This is likely to create disruption in transportation, crossborder trade and investments, supply chains and tourism in the west africa region if the ebola outbreak is contained, we can expect more fdi investments from europe, more specifically french multinational. The african economic outlook aeo is a highquality, independent tool for monitoring africas economic development on an ongoing basis. Zimbabwe african economic outlook african development bank. There were bumps, of course, but the general trend was upwards and the interruptions. February 2001 romania october 2004 thailand march 2005 south africa may 2006 egypt and viet nam. Kouassi rene nguettia director economic affairs, commission of the african union 2. This annual report examines africas performance in crucial areas. If youre reading the pdf ebook edition, and your pc is connected to the internet, simply click on the link. The increase of inflationary pressures in 201112 was mainly due to higher food and fuel prices, which hit africas consumers, notably the urban poor. The outlook for the domestic economy over the medium term is one of a somewhat improved from the current very poor conditions, but still unsatisfactory performance. China economic outlook first quarter 2016 editorial 1 a softlanding was engineered in china despite elevated financial market tensions in 2015. Dec 10, 2019 the outlook for the domestic economy over the medium term is one of a somewhat improved from the current very poor conditions, but still unsatisfactory performance. The performance of and outlook for the south african economy.
The regions relative resilience during this global recession, compared with previous global downturns, owes much to the health of its economies and the strengthening of policy frameworks in the runup to the crisis. Nine years ago, when the african economic outlook project began, the world was in the midst of what seemed to be a robust growth path. If the ebola outbreak is protracted or spreads, it will have dramatic consequences for economic activity in western africa. World economic outlook international monetary fund. A slight recovery is expected next year with improving labour relations and gradually stronger exports. Economic report on africa 2010 promoting highlevel sustainable growth to reduce unemployment in africa due to the global financial crisis, the world economy contracted by 2. Inflation rates across the continent have increased, mainly as a consequence of weaker domestic currencies associated with declining commodity prices. The global economic growth outlook has improved, but is clouded by policy uncertainty as.
Country notes african economic contact information outlook. African economic outlook 2010 focuses on public resource mobilisation and aid in africa, presenting a. The report is published by the oecd development centre, the african development bank, the united nations development programme. Cbn, pwc analysis10 20 30 40 50 6010 0 0 11 1 12 l12 12 3 t 4 14 15 5 5 external reserves usd billion a sharp 24% decline between january 2010 and may 2011 a sharp 30% decline between january 2014 and may 2015 140 150 160 170 180 190 20010 0 0 11 1 12 l12 12 3 t 4 14 15 5 5 interbank. Inflation is expected to decline but remain above 7% in 2014. World economic outlook, international monetary fund.
How solid is economic growth in the east african community. High rates of hivrelated sickness and premature adult deaths compromise household stability and investment in children. The strong growth was boosted by stimulus measures implemented by the government as of 2009 and the high commodity prices arising from improved global demand for mineral products. This is a very pertinent topic, which could not be more relevant at this stage. African economic outlook 2010 africa 200911 positive signs after the crisis measuring the pulse of africa aidjan, cote divoire monday, 24th may 2010. 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. Africa economic outlook jeanchristophe batlle, managing director for africa julien marcilly. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the. This edition features an indepth study of taxation and aid in africa. African economic outlook 2010 sustainable development the.
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