African economic outlook 2016 pdf

African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. Afdb bank group results measurement framework 20162025 pdf 2. This site is powered by keepeek 360, digital asset management for business. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. This annual report examines africas performance in crucial areas.

Subsaharan africa faces a challenging nearterm outlook. South africa continued its low growth trajectory and is expected to weaken further in 2016 before recovering in 2017. The increasing importance of quality development aid. Pdf external financial flows and tax revenues for africa. In 20, africa grew by about 4%, on average, compared. Africa s general economic performance continues to improve, with gross domestic product growth reaching an estimated 3. 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. The opinions expressed and arguments employed herein do not necessarily reflect the official views of. Energy implications of higher economic growth in africa. Since its inception in 1991, the global economic prospects report has examined international economic developments and the outlook for growth, with a special focus on emerging market and developing. The report is published by the oecd development centre, the african development bank, the united nations development programme. World economic and financial surveys regional economic. The 2016 municipal elections indicated a possible sea change for the next national elections 2019 general election ge, where the current ruling alliance could lose its majority. Inflation remained low because of lower world oil prices and depreciation of the naira, the nigerian currency.

African economic outlook 2014 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african rep. Many factors, notably low commodity prices, weak export demand, and power shortages, strikes and the drought in agriculture, are depressing consumer and business confidence and production. Africas economic growth continues to strengthen, reaching an estimated 3. This report 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. Subsaharan africa is published twice a year, in the spring and. The african development bank is launching the 2018 edition of its yearly flagship report, the african economic outlook aeo, on wednesday, january 17.

Growth prospects remain favorable but crucially depend on continued rebound in the global diamond market, improved reliability in electricity and water supply, as well as reforms. Africas sustainable economic and social transformation is a global priority. A slight recovery is expected next year with improving labour relations and gradually stronger exports. 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 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. Uganda economic outlook 2016 the story behind the numbers. Africa economic outlook jeanchristophe batlle, managing director for africa. The outlook for 2017 is for a moderate economic recovery with real gdp projected to grow at 2. With south africas economic growth in decline since 2010, many voters voted for change in the 2016 municipal election.

African economic outlook 2016 sustainable cities and. North africa economic outlook 2018 indiaenvironmentportal. Sustainable cities and structural transformation algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. Real economic growth is only projected to breach the 3% level by 2020, averaging 2. Highlightsdhighlights 2 economic overview political developments in the first half of 2019 will be a key determinant of the south african economys performance over the remainder of the year. In keeping with national practice, data for bangladesh, arab republic of egypt, india, and pakistan are reported on a. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. The average price of angolas cabinda crude plummeted to an over twodecade low of usd 14. The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the coming two years.

The global economic growth outlook has improved, but is clouded by policy uncertainty as. African economic outlook 2016 sustainable cities and structural. Pdf african economic outlook jethro reeves academia. The authorities declared a sixmonth state of emergency in october 2016, enacting a variety of measures to restore peace. 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. The government has initiated a plan for an integrated framework for development programs in the north east through implementation of targeted social. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries. 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. Africas economic outlook for 2015 how we made it in africa. For its 15th edition, the african economic outlook takes a hard look at urbanisation and structural transformation in africa and proposes practical steps to foster sustainable cities. African economic outlook 2018 african development bank. The african economic outlook aeo celebrates its 15th edition this year. The annual african economic outlook aeo monitors the continents state of.

African economic outlook 2016 african development bank. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Despite falling commodity prices, africas external financial flows have remained stable overall. 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. Cabinda crude oil prices fall to over twodecade low despite lower output. This annual report examines africa s performance in crucial areas. Reducing vulnerability to adverse shocks will require accelerating the pace of reforms aimed at enhancing competitiveness and improving the business climate to promote industrialization and entrepreneurship. African economic outlook 2018 india environment portal. This economic boom followed two decades of economic stagnation in most subsaharan. Economic overview in brief the south african economy, which grew by an estimated 0. African economic outlook is a reference website which focuses on the economics of most african countries. Annual economic reports south african reserve bank. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than.

The african economic outlook 2016 presents the continents current state of affairs and forecasts its situation for the. Subsaharan africa economic outlook data, statistics. An investment and growthsupportive outcome is likely to result in a gradual economic recovery. The report also highlights significant allocations. Looking forward, african economic growth is projected to accelerate to 4percent in 2019 and 4. Prospects reportcalled global economic prospects and the developing countrieswas launched as a formal publication for wide dissemination. A new economic report by focuseconomics paints a bleak picture for the south african economy in 2016 and 2017. The imf still forecasts that africa will be the secondfastest growing region in the world between 2016 and 2020 with annual growth of 4. The outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. To better understand the energy implications of higher economic growth in africa, eia considered an africa high gdp growth case. Commodity prices are expected to stabilize but remain low through 2017 figure 2. Public protests disrupted the nation in 2016 in the oromia and amhara regions, with the protesters citing concerns about political and economic marginalization.

Subsaharan africa regional economic outlook international. Comprehensive evaluation of the development results of the african development bank group 200420 pdf 986 bytes november 16, 2016. African development bank launches the 2018 edition of 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.

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. In 2016, overall economic growth in africa declined drastically. The african economic outlook bridges a critical knowledge gap on the diverse socio. Management of the south african money and banking system. Subsaharan africa is published twice a year, in the. Unless otherwise noted, data and projections presented in this regional economic outlook are imf staff estimates as of 21 september, 2016, consistent with the projections underlying the october 2016 world economic outlook. In this sensitivity analysis, african gdp grows by an average 5.

Imf world economic outlook, world bank development indicator, thomson reuters datastream. The situation improved in 2016 due to recessionno growth in many major countries net fdi flows, at around 2% of regional gdp in 201516, are not enough to cover the external deficit large external deficits due to commodities drop source. 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. Structural change and poverty reduction simulations between 2006 and 2016. Cote divoire djibouti egypt equatorial guinea eritrea ethiopia gabon gambia ghana guinea guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania. The report, which forecasts the outlook for subsaharan africa in. This th edition of the african economic outlook underscores the continents resilience to regional and global headwinds. The uganda economic outlook 2016 report provides an overview of ugandas economic environment and key sectors. African economic outlook 2016 algeria angola benin botswana burkina faso burundi cabo verde cameroon central african republic chad comoros congo congo, dem. South africa economy gdp, inflation, cpi and interest rate.