African rand continued to fall on concerns about the countrys largerthanexpected current account deficit. These wide differences in the overall performance of african countries demonstrate that countries and country groups are at very different. The annual african economic outlook aeo is an essential reference. Warnings issued i n the 2015 edition of the afr ican economic outlook are sti ll valid and increasing ly pressing. Global economic prospects january 2018 economic outlook for. In 20, africa grew by about 4%, on average, compared. The annual african economic outlook aeo monitors the continents state of affairs using a. The african economic outlook 2015 analyses africas growing role in the world economy and predicts the continents. 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. Kenyas development journey, it is my pleasure to present the 17th edition of the kenya economic update. This years african economic outlook examines how the african. Top 20 african countries by dimensions of human development, 2015.
In 2010, africa as a whole was running a small currentaccount surplus of 0. Afdb, oecd, undp 2015 african economic outlook 5 editorial africa s gross domestic product grew on average by 3. The slowdown was most pronounced among oil exporters. Real economic growth is only projected to breach the. The africa competitiveness report 2015 12 fuels and mining products account for over half of sub. African countries have experienced economic growthremarkable, but this has. The annual african economic outlook report highlights economic prospects and projections for the continent as a. This years african economic outlook examines recent macroeconomic developments and. 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. Africas economic outlook for 2015 how we made it in africa.
Africa economic outlook jeanchristophe batlle, managing director for africa. South africa economy gdp, inflation, cpi and interest rate. Regional integration for africas economic prosperity. Net foreign debt by economic group, 20052015 27 figure 1.
As we write this, several african countries are in talks for financial. The outlook for the south african economy over the medium term is not very inspiring, despite some improvement from 2017 onwards. 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. Outlook regional gdp growth is projected to remain steady at 4. Despite continued growth, the gdp per capita of many african countries also remains low. However, the sarb mainly targets cpi inflation 12 to 18 months out, currently in 2020, where it anticipates cpi inflation. 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. African economic outlook is a reference website which focuses on the economics of most african countries. This chapter analyses recent trends in external financial flows to africa and domestic revenue collection. A rise in confidence in early 2018 and the recent upward revision of national accounts for the period 2015 to 2017 suggest that the country is recovering from a. Africa s 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. Debt dynamics and development finance in africa, was prepared by a team of unctad contributors, headed by junior.
Annual economic reports south african reserve bank. Prospects in the retail and consumer goods sector in ten. Subsaharan africa economic outlook data, statistics. Click to share on twitter opens in new window click to share on facebook opens in new window. This 11th edition of the african economic outlook aeo is marked by a twintrack performance. The african economic outlook 2015 is the 14th edition of this annual report which. Since late 2008, economic growth in the gambia has been mainly driven by. Africas domestic financing gap, by economic group, 2000.
The african economic outlook 2010 investigates how public resource mobilisation. Economic overview in brief the south african economy, which grew by an estimated 0. Subsaharan africans economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the. 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. Donald kaberuka, president, african development bank.
Overview of the world economic outlook projections 2 table 1. The african economic outlook 2015 analyses africa s growing role in the world economy and predicts the continents twoyear prospects in crucial areas. African economic outlook 2019 macroeconomic performance and prospects jobs, growth, and. African savers and investors, 20002010 28 figure 1. Economic activity in subsaharan africa slowed to 3. In south africa, the proportion of poor individuals in the total population rose across all poverty lines between. African economic outlook 2015 ecas contribution to the world economic and situation prospects 2015 wesp 2015 link meeting. Imf world economic outlook database, latest release october 2015 many african currencies have also weakened against a strong us dollar, which has inflated the costs of imports and raw. African economic outlook 2015 african development bank. Management of the south african money and banking system. At its meeting ending 18 march, the monetary policy committee mpc of the south african. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. The regions 2020 economic outlook deteriorated markedly this month owing to.
This th edition of the african economic outlook underscores the continents resilience to regional and global headwinds. Contents international monetary fund october 2015 v tables table 1. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Africa 2015 africa economic outlook world economic forum. The 2019 african economic outlook highlights that macroeconomic stabilization and employment outcomes are better when industry leads growth, suggesting that industrialization. This annual report examines africas performance in crucial areas.
Sarb slashes rates as coronavirus darkens economic outlook. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. Thematic edition regional development and spatial inclusion african economic outlook 2015. Tellingly, this years survey on the global agenda revealed education and skills development as the biggest challenge facing africa in 2015, followed by building sustainable governance systems and the.