African economic outlook 2017 pdf

However, in the medium term, economic growth is projected to rebound to 5. January 2018 annabel bishop investec bank limited tel 2711 286 7188 email. An investment and growthsupportive outcome is likely to result in a gradual economic recovery. Since the previous economic update of september 2017, a number of important events have improved south africa s economic. The global economic growth outlook has improved, but is clouded by policy uncertainty as. Global economic prospects june 2017 global outlook. With south africa s economic growth in decline since 2010, many voters voted for change in the 2016 municipal election. The annual report highlights economic prospects and projections for the continent as a whole and for each of the 54 countries. Excluding south africa, the continents largest economy, growth in subsaharan africa is forecast to rise to 6%. Africas economic growth page 1 of 27 executive summary over the past 15 years, most countries in africa experienced sustained economic growth, with growth rates often exceeding 5% per year. 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 aeo presents the current state of economic and social development in africa and projects the outlook for the coming two years. Subsaharan africa economic outlook data, statistics.

Ethiopia african economic outlook 2017 undp in ethiopia. The ieo2017 is the first ed ition of this report to include mo del results through 2050, which are available on the ieo page of the eia website. First, after multiple headwinds dampened growth in 2017, the incipient rebound in economic activity in kenya is gaining momentum. The 2017 edition shows how including highpotential entrepreneurs in industrial policies will help african. 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 programme. Global economic prospects january 2018 economic outlook for. The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors.

The competitiveness ac i r af report 2017 world economic forum. Political environment the economic intelligence unit eiu predicts that political. Kwanza plunges to record low in april amid fallout from covid19. This chapter analyses recent trends in external financial flows to africa and domestic revenue collection.

The african economies expected to thrive in 2017 quartz africa. The africa competitiveness report 2017 v preface akinwumi adesina president, african development bank group jim yong kim president, world bank group klaus schwab executive chairman, world economic forum the 2017 edition of the africa competitiveness report comes out at a challenging time for the continent. The aeo assesses the recent economic and social situation in africa, projects likely developments for the near future and explores a special theme on the structure of african economies. African economic outlook is a reference website which focuses on the economics of most african countries. Kenyas development journey, it is my pleasure to present the 17th edition of the kenya economic update. This annual report examines africas performance in crucial areas. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017.

Correlates of growth projections, emdes, 201722 46 annex table 1. This annual report examines africa s performance in crucial areas. Political environment tanzania has continued to enjoy political stability since it became independent in the early 1960s. Jan 06, 2017 the african economies to watch in 2017. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Economic overview in brief the south african economy, which grew by an estimated 0.

The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. The tanzania economic outlook 2017 report provides an overview of tanzanias economic environment and key sectors. However, lingering fiscal and external adjustment needs dampen growth prospects in a number of countries. South africa economic growth is projected to pick up slowly in 201920, driven by exports. Agenda 2063 is the blueprint and master plan for transforming africa into the global powerhouse of the future. Entrepreneurship and industrialisation the opinions expressed and arguments employed herein do not necessarily reflect the official views of the african development bank, its boards of directors or the countries they represent.

But while the medium to longterm outlook appears favorable, kenyas economy remains vulnerable to downside risks. The african economic outlook is an annual report produced by the african development bank, the. The graphics in this presen tation focus on projections through 2040. The economic outlook for subsaharan africa ssa is positive, with growth rising to 5. Tourism for transformative and inclusive growth examines the role that tourism can play in africas development process.

The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents twoyear prospects in crucial areas. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Real economic growth is only projected to breach the 3% level by 2020, averaging 2. This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. The government has initiated a plan for an integrated framework for development programs in the north east through implementation of targeted social. As a result, growth in commodity exporters is projected to rise from 0. The annual african economic outlook aeo is an essential reference for monitoring the economic, social and political developments of the continent. The section provides an overview of each district in terms of. The journal of african economies is a vehicle to carry rigorous economic analysis, focused entirely on africa, for africans and anyone interested in the continent read the latest special issue from the journal of african economies entitled economic structure, growth, and evolution of inequality and poverty in africa, guestedited by. South africa economic growth the economy is set to shrink this year. Capital flight prompted by the health crisis and by moodyas downgrading the countryas last investmentlevel credit rating will hammer fixed investment, while rising unemployment is seen weighing on consumption.

Africa s sustainable economic and social transformation is a global priority. It highlights past growth trends and projects future growth for 201718 based on prevailing global, regional and domestic dynamics and shocks. The heritage foundation index 473 major works cited the 2019 index of economic freedom relies on data from multiple internationally recognized sources. Recent growth has been due to growth in sales in commodities, services, and manufacturing. African economic outlook aeo economic growth the imf expects that the zambian economy will grow by 4% in 2017 and 4. The african economic outlook aeo 2017 which was published on monday 22 may 2017 by the african development bank indicates that rwanda recorded the most progress in africa in the fight against poverty since 2005, followed by ghana and liberia. Prospects in the retail and consumer goods sector in ten sub. The report also highlights significant allocations from the 2017 18 budget to various sectors of the economy. 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. Sarb slashes rate to record low as coronavirus darkens economic outlook. The outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. Growth momentum in subsaharan africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium.

This africa s pulse newsletter includes the following the economic outlook for subsaharan africa remains robust, but growth is vulnerable to lower commodity prices and a slowdown in capital flows, the frequency and strength of growth spurts have increased, and growth has shifted the structure of african economies in favor of the resources and. Haver analytics, international energy agency, statistics south africa, world bank, world economic outlook. Despite the challenges, the outlook for subsaharan africa remains positive and significantly ahead of the global average. This forecast would change in the event of a deteriorating global economy. The outlook for 2017 is for a moderate economic recovery with real gdp projected to grow at 2. World economic outlook, selected topics 273 imf executive board discussion of the outlook, october 2017 283 tables table 1. African countries still face significant challenges and constraints in exploiting the potential of tourism services in trade and economic development. The global upswing in economic activity is strengthening, with global growth projected to rise to 3. Tourism for transformative and inclusive growth examines the role that tourism can play in africa.

African economic outlook 2017 entrepreneurship and industrialisation the opinions expressed and arguments employed herein do not necessarily reflect the official views of the african development bank, its boards of directors or the countries they represent. A team of over 100 researchers, economists, statisticians and other experts from africa and other world regions work together on this annual report. South africa economy gdp, inflation, cpi and interest rate. Looking forward, african economic growth is projected to accelerate to 4percent in 2019 and 4.

African economic outlook 2017 improving entrepreneurship. The aeo 2017, the 16th edition, examines entrepreneurship and industrialisation in africa. In its january 2016 world economic outlook update, the imf revised forecasts for global growth down by 0. During the earlier period, exogenous shocks and lax.

The report also highlights significant allocations from the 201718 budget to various sectors of the economy. African economic outlook 2017 entrepreneurship and. The 16th edition of the african economic outlook highlights the fact that africa s economic performance is reflecting the perils of the global economy. The african economic outlook aeo 2017 shows that the continents performance was uneven in 2016 in regard to economic, social and governance indicators, but prospects are favourable for 2017 and 2018. This 14th edition analyses regional development and spatial inclusion challenges faced. Data for 2017 are estimates, data for 2018 are forecasts. 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.

For optimum experience we recommend to update your browser to the latest version. African economic outlook 2020 african development bank african economic outlook 2020 developing africa s workforce for the future. African economic outlook aeo economic growth following several years of belowtrend economic growth, the ghanaian economy has recovered some momentum in 2017, particularly due to stronger growth in the hydrocarbon, mining, infrastructure and retail sectors. Annual economic reports south african reserve bank. This has inspired much optimism about the regions prospects to finally leave poverty and underdevelopment behind. Assumed policy actions relative to the weo baseline 36 table 1. With south africas economic growth in decline since 2010, many voters voted for change in the 2016 municipal election. Harmonized test scores for african countries range widely, 2017. There is, nevertheless, great potential for economic transformation across africa. Africas economic growth continues to strengthen, reaching an estimated 3.

Africas gdp growth is projected to accelerate to 4. Global economic prospects june 2017 chapter 1 5 recovery will be broadbased, impacting nearly 70 percent of commodity exporters in 2017. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. A section of country notes summarises recent economic growth, forecasts gross domestic product for 2017 and 2018, and highlights the main. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. It is the strategic framework for delivering on africa s goal for inclusive and sustainable development and is a concrete manifestation of the pan african drive for unity, selfdetermination, freedom, progress and collective prosperity pursued under panafricanism and african. Broadbased upward revisions in the euro area, japan, emerging asia, emerging europe, and russia more than offset downward revisions for the united states and the united kingdom. After experiencing low growth due to the impact of the european and global financial crises, the economy recovered in 2016 to 3. The angolan kwanza continued to plummet against the u. The african economic outlook aeo celebrates its 15th edition this year. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the.

Overview of the world economic outlook projections 14 scenario table 1. In north african countries, output and employment shares are also high in agriculture and low in manufacturing, relative to per capita income. The report also highlights significant allocations in the 201718 budget to various sectors of the economy. 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. Working paper green industrialisation and entrepreneurship. Eias international energy outlook 2017 ieo2017 presents an assessment of longterm world energy markets.

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 major downside risks to the economic outlook include the negative impact of weather fluctuations on the rain dependent agriculture sector and the reduction in prices and global demand for commodities. The african development bank has published the 2019 african economic outlook the theme for this years report is integration for africa s economic prosperity. The african economic outlook 2015 analyses africa s growing role in the world economy and predicts the continents twoyear prospects in crucial areas.