Global economic outlook in january of this year the international monetary fund imf lowered its 2016 projection for global economic growth from 3. Subsaharan africa consensus forecast report focuseconomics. A combination of external and domestic factors was responsible for the slowdown. This annual report examines africas performance in crucial areas. You get the essentials of research conducted by the leading economists for subsaharan africa within a single publication. The global economic growth outlook has improved, but is clouded by policy uncertainty as. The 2010 african economic outlook finds the continent reeling from the effects. In 20, africa grew by about 4%, on average, compared. If the ebola outbreak is protracted or spreads, it will have dramatic consequences for economic activity in western africa.
This th edition of the african economic outlook underscores the continents resilience to regional and global headwinds. Economic objective cae teacher book pdf megaupload growth decelerated from 6. 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. Innovative financing for infrastructure development african union commission small conference 2 january 26th 2018 from 2.
Key messages africas growth remains largely unchanged, despite low commodity prices and slow pick up in trade. World economic outlook, international monetary fund. Market brief briefing note on the african economic outlook 2010. The economic slowdown in subsaharan africa looks set to be mercifully brief. Many countries are at risk of falling far off track to achieving the millennium development goal of halving extreme poverty and hunger by 2015. These forecast have been revised significantly lower to around 1. Inflation rates across the continent have increased, mainly as a consequence of weaker domestic currencies associated with declining commodity prices. In half of the countries, per capita gdp stagnated or fell. The report is published by the oecd development centre, the african development bank, the united nations development programme. Proportion could reach 50% in 2030 main points 17 main points. External factors included lower commodity prices, a slowdown in major trading partners, and tightening borrowing conditions. 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. 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. At the start of the year, the sarb, the national treasury and the imf all projected growth in the region of 2.
Imf, thomson reuters datastream, ifc global macro and market research real gdp growth. It also examines financial and structural policies and how they shape. 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. It examines how the african continent, its regions and countries, have weathered the global crisis and what the expectations are for 2010 and 2011. Domestic economic growth outlook consistently revised downwards south africasgdp growth forecasts have been consistently revised lower. It also looks at trade policies and regional integration, the progress towards attaining the millennium. African economic outlook 2010 africa 200911 positive signs after the crisis measuring the pulse of africa aidjan, cote divoire monday, 24th may 2010. World economic outlook international monetary fund. For the aeos 15th anniversary, the partners have redesigned the website. Market brief volume1, issue 2 16 july, 2010 briefing note on the african economic outlook 2010 africa rebounding prepared by the following staff. Pocket edition african african economic economic outlook 20. African economic outlook 2010 sustainable development the.
Regional economic outlook for sub saharan africa ssa. 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. World bank slashes south africas economic growth outlook. To capture the trend in economic freedom in our model, we used the economic freedom of the world index which was developed by. Market brief briefing note on the african economic. Because africa comprises many different, fastchanging countries, the report grasps.
The performance of and outlook for the south african economy introduction ladies and gentlemen, good morning. Zimbabwe african economic outlook african development bank. North africa economic outlook 2018 indiaenvironmentportal. 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. 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. Economic freedom measures the extent to which government policies and institutions enhance the ease of doing business, security and fair competition in a country. This is a very pertinent topic, which could not be more relevant at this stage. 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. This includes a forecasting exercise for 2010 to 2012 using a simple macroeconomic model.
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. Nigeria african economic outlook african development bank. 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. China economic outlook first quarter 2016 editorial 1 a softlanding was engineered in china despite elevated financial market tensions in 2015. The performance of and outlook for the south african economy.
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. Africa economic outlook jeanchristophe batlle, managing director for africa julien marcilly. How solid is economic growth in the east african community. The african economic outlook 2010 investigates how public resource mobilisation can help. A look at the economy of arica and how the impact of poverty, country debt, monetary aid received and industry has affected africa preindependence and post independence. The government is expected to reach its target of getting inflation under 10% in.
Economic report on africa 2010 united nations economic. Nigerias economic recovery defining the path for economic. Middle classes in ems are rising and influencing the political and economic dialogue. Africas economic outlook for 2015 how we made it in africa. Non subscribers can purchase the pdf ebook andor paper copy via our. This monthly publication gives you a precise picture of both the current state of affairs and future developments in. According to the world banks global economic prospects 2011, released on january, the gdp growth rate for subsaharan africa is projected at 4. High rates of hivrelated sickness and premature adult deaths compromise household stability and investment in children. The african economic outlook aeo is a highquality, independent tool for monitoring africas economic development on an ongoing basis. 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. African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. Oecd 2010, southeast asian economic outlook 2010, oecd publishing. Southern africa economic outlook 2018 india, south asia.
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. Africa economic outlook jeanchristophe batlle, managing director for africa. Aeo partners financial partners european development fund other partners uneca lead partner since 200708. Johannesburg the world bank on tuesday slashed the countrys economic growth outlook for this year to 0. The african economic outlook is drawn from a countrybycountry analysis based on a unique common framework. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. Available employment data suggests a decline in unemployment with africas recent growth performance. 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. 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. A slight recovery is expected next year with improving labour relations and gradually stronger exports.
If youre reading the pdf ebook edition, and your pc is connected to the internet, simply click on the link. Inflation is expected to decline but remain above 7% in 2014. The increase of inflationary pressures in 201112 was mainly due to higher food and fuel prices, which hit africas consumers, notably the urban poor. Africa reduce its dependence on aid and other external financial. 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. Imf, thomson reuters datastream, ifc global macro and market research. African economic outlook 2010 focuses on public resource mobilisation and aid in africa, presenting a. The negative impact of hivaids on development outcomes in africa, especially in highprevalence countries, is well documented.
African economic outlook 2018 african economic outlook. Kouassi rene nguettia director economic affairs, commission of the african union 2. The african economic outlook is available in various editions and formats. There were bumps, of course, but the general trend was upwards and the interruptions. Country notes african economic contact information outlook.
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