African economic outlook pdf

This 14th edition analyses regional development and spatial inclusion challenges faced. South africa economy gdp, inflation, cpi and interest rate. It offers short and mediumterm forecasts on the main socioeconomic factors, while. It includes detailed energy profiles of 11 countries that represent threequarters of the regions gross domestic product and energy demand, including nigeria, south. Almost all african countries are expected to register higher growth in 2010 than in 2009. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries. Hundreds of millions of young africans will be leaving school over the next decades, at every level, and looking for jobs.

Africas gdp growth is projected to accelerate to 4. Economies in the west african economic and monetary union. Pdf african economic outlook jethro reeves academia. The african development bank has published the 2019 african economic outlook. 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.

Promoting youth employment african economic outlook. Commodity prices are expected to stabilize but remain low through 2017 figure 2. Annual economic reports south african reserve bank. South africas economy emerged from a technical recession in the second half of 2018, in part due to improved activity in the agricultural and manufacturing. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 african economic outlook report, launched today by the african development bank. Growth in subsaharan africa moderated to a slowerthanexpected 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. Africas sustainable economic and social transformation is a global priority.

The annual african economic outlook aeo is an essential reference for monitoring the economic, social and political developments of the continent. It has not been prepared in accordance with the full legal requirements designed to promote independence. The african development bank is launching the 2018 edition of its yearly flagship report, the african economic outlook aeo, on wednesday, january 17, 2018 at its headquarters in abidjan. Regional integration for africas economic prosperity. In 2019, however shortterm developments in the democratic republic of the congo drc and zimbabwe, as well as the prospects of major elections in 24 african countries, all contribute towards a sense of. The economy recovered in 2016, after it suffered another setback when economic growth contracted in 2015 because of weak demand for diamond exports and persistent electricity and water supply shortages. Subsaharan africa economic outlook data, statistics. The expected recovery, however, is at a slower pace than previously envisaged for about twothirds of the countries in the region, partly due to a challenging external environment. Growth in subsaharan africa is projected to remain at 3. Pdf african economic outlook 2018 en 1 katana mweri. 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 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.

Economies in the west african economic and monetary union waemu and in east africa expanded at a robust pace. 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. Global economic prospects january 2018 economic outlook. Hundreds of millions of young africans will be leaving school over the next decades, at. For optimum experience we recommend to update your browser to the latest version. In 2019, however shortterm developments in the democratic republic of the congo drc and zimbabwe, as well as the prospects of major elections in 24 african countries, all contribute towards a sense of ambivalence of the continents future. Subsaharan africa regional economic outlook international. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years.

Management of the south african money and banking system. African economic outlook is a reference website which focuses on the economics of most african countries. Growth is expected to deteriorate in 2020 the fast spreading covid19 pandemic is set to push the region into recession for the first time in over two decades this year as both external demand and domestic activity shrivel. World economic situation and prospects 2020 the united nations. An investment and growthsupportive outcome is likely to result in a gradual economic recovery. 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. 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.

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. The theme for this years report is integration for africas economic prosperity. 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 economic dimension of the african past was a central theme in the development of african history as a discipline, from the appearance of dikes seminal monograph in 1956 and through the heyday of african economic history lasting until the end of the 1970s. Uganda economic outlook january 2019 3 the economic outlook for 2019 is very positive thanks to a recovery in the agriculture sector, the sustained growth in services, and the continued huge investment by the government into public infrastructure. This years african economic outlook examines how the african continent, its regions and countries, have fared during the global crisis and forecasts economic developments in 2011 and 2012. Africas general economic performance continues to recover and gdp growth is projected to accelerate to 4% in 2019 and 4. Africa energy outlook 2019 is the ieas most comprehensive and detailed work to date on energy across the african continent, with a particular emphasis on subsaharan africa.

Growth is projected to remain strong in nonresourceintensive countries, averaging about 6 percent. The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents twoyear prospects in crucial areas. African economic outlook 2019 description africas gdp growth is projected to accelerate to 4. African economic outlook 2020 developing africas workforce for the future. World economic and financial surveys regional economic outlook. Global growth is expected to strengthen somewhat further. The african economic outlook aeo 2020 was prepared in the vice presidency for economic governance and knowledge management, under the general direction of charles lufumpa, acting vice president and chief economist, with support from eric ogunleye, amah marieaude ezanin koffi, tricia baidoo, and vivianus ngong. This annual report examines africas performance in crucial areas.

However, the sarb mainly targets cpi inflation 12 to 18 months out, currently in 2020, where it anticipates cpi inflation will average 5. Promoting youth employment africa has the worlds youngest population and it is growing rapidly. Oilexporting countries like angola and nigeria will be hammered, while south africas recession will deepen. It offers short and medium term forecasts on the main socioeconomic factors such as jobs, while at the same time examining the challenges. African development bank launches the 2018 edition of the.

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. Since the previous economic update of september 2017, a number of important events have improved south africa s economic. African economic outlook 2011 international centre for. It offers short and medium term forecasts on the main socio economic factors such as jobs, while at the same time examining the challenges and progress. World economic and financial surveys regional economic.