The economic outlook for Sub-Saharan Africa (SSA) is positive, with growth rising to 5.3% in 2012, and 5.6% in 2013, over the pre-crisis average level of 5%. They summarise recent economic growth, forecast … This quarterly publication offers a comprehensive overview of the economic outlook for African economies over the next 12-24 months. Register Login Calendar; News; Indicators. The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. Africa Economic Outlook. Southern Africa shows how 4IR technologies can enable access to trusted data and driving the economic rebound in the wake of COVID-19. Sub-Saharan Africa: More Competition Less Inequality. 07-Jul-2020. “Economic … Share: Discover. Country Focus. This forecast would change in the event of a deteriorating global economy. African Economic Outlook 2020 Developing Africa’s Workforce for the Future. Sub-Saharan Africa Regional Economic Outlook: Recovery Amid Elevated Uncertainty. Economic Affairs. The report is published by the OECD Development Centre, the African Development Bank, the United Nations Development Programme and … The full edition of the African Economic Outlook is available from:- SourceOECD for subscribing institutions and many libraries- OECD Online Bookshop for non subscribers- Olisnet for subscribed Government Officials - Journalists are invited to contact to: colm.foy@oecd.org or myriam.andrieux@oecd.org, tel: … The African Economic Outlook 2015 analyses Africa’s growing role in the world economy and predicts the continent’s two-year prospects in crucial areas: macroeconomics, financing, trade policies and regional integration, human development, and governance. Currencies; Stocks; Commodities; Bonds; Earnings; … Full Text Country Focus Podcast Background Paper and Expanded Statistical Appendix Tables. Regional Economic Outlook Overview by Abebe Aemro Selassie. African Economic Outlook 2018 AFRICAN DEVELOPMENT BANK. World AIDS Day: Lessons for managing COVID-19 from the HIV/AIDS pandemic. Data Tools … Take a no obligation free … Africa’s looming challenges. Regional growth is set to pick up from 3 percent in 2018 to 3.5 percent in 2019, before stabilizing at close to 4 percent over the medium term. And out of 52 countries, 16 (including Algeria, Botswana, Burkina Faso, and Mali) have a debt-to-GDP ratio below 40% while six (Cabo Verde, Congo, Egypt, Eritrea, Mozambique, Sudan) have debt ratios above 100%. This page has economic forecasts for South Africa including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Africa economy. The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years. Meanwhile, business sentiment remained entrenched in negative territory in the same period, … While the pace of decline moderated from Q2 due to the gradual easing of restrictions, industrial output contracted relatively sharply in the quarter. Your browser is not up-to-date. This annual report examines Africa’s performance in crucial areas: macroeconomics, external financial flows and tax revenues, trade policies and regional integration, human development, and governance. By Maxwell Awumah LISTEN 2 HOURS AGO Recent developments: Output in the Sub-Saharan Africa region contracted by an estimated 3.7% in 2020, as the COVID-19 pandemic and associated lockdowns disrupted economic activity. To achieve the structural transformation required for more inclusive economic growth, the government needs to combine its policy of setting up special economic zones (SEZs) with encouraging entrepreneurs, especially young ones. The report is jointly published by the African Development Bank and the OECD Development Centre. If it continues beyond the first half of 2020, there would be a deeper GDP contraction in 2020 of 3.4 percent, down by 7.3 percentage points from … Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6%. Consultations with Governments, regulatory agencies, universities, donors and civil society, as well as data collected on ICT sector performance … Africa’s economic growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021 as revealed in the African Development Bank’s 2020 African Economic Outlook (AEO). Africa’s economic outlook is promising for 2018, but there are clouds on the horizon. Almost all African countries are expected to register higher growth in 2010 than in 2009. As a result, per capita income shrank by 6.1% in 2020, setting average living standards back by at least a decade in a quarter … African Economic Report 2020 (EN) See previous publications by clicking here. African Economic Outlook is an annual reference book-journal which focuses on the economics of most African countries.It reviews the recent economic situation and predicts the short-term interrelated economic, social, and political evolution of all African economies. By Yinka Adegoke. This calls for … Economic Affairs. This prioritisation saw South … Economic Policy and Research; Regional Integration and Cooperation; Statistics; Regional Integration and Cooperation; Private Sector Development, … The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades, despite the extraordinary efforts of … It was presented in Dakar, Senegal at the 44th African Development Bank Annual Meetings, on May 10 and launched in Paris at the Centre d'Accueil de la Presse Etrangère … The AfDB also noted that the continent’s averages compare favourably with global economic growth projections of 3.5% and 3.6% GDP growth in 2017 and 2018, respectively. The economic scenario likely remained challenging in Q3, after the historic plunge in activity in Q2. Very little value is added to agricultural and livestock products before they are either exported or … It highlights the growing importance of private flows in comparison to public ones. Podcast. Africa’s informal sector dominates. Nadia Hewett 17 Dec 2020. RMB on Africa’s economic outlook for 2021 Many African countries, while facing fiscal challenges, were forced to increase government expenditure to support their economies amid COVID-19. For optimum experience we recommend to update your browser to the latest version. 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. Real GDP in Africa is projected to contract by 1.7 percent in 2020, dropping by 5.6 percentage points from the January 2020 pre-COVID–19 projection, if the virus has a substantial impact but of short duration. A section of one-page notes … Make sense of the implications of current market trends and future developments. South Africa’s debt-to-GDP ratio of 46%, worsened by the … The outlook for 2020 for sub-Saharan Africa is considerably worse than was anticipated in April and subject to much uncertainty. Clear views to help you make informed strategic decisions. Africa’s sustainable economic and social transformation is a global priority. The focus of the 2012 AEO is the promotion of youth employment in Africa, presenting a comprehensive review of both challenges and opportunities Africa … Countries; Indicators; Markets. Regional Economic Outlook for Sub-Saharan Africa, June 2020 Update. Six Charts on How Elevated Global Uncertainty Is Creating Challenges for Sub-Saharan Africa. June 2020. African Economic Outlook 2020 - Supplement. This annual report examines Africa’s performance in crucial areas: macroeconomics, external financial flows and tax revenues, trade policies and regional integration, human development, and governance. Reuters/Siphiwe Sibeko . COVID-19 has changed the already-challenging economic outlook for the worse, while further exposing deep structural divides in the economy. This document, as well as any data and maps included, are without prejudice to the status of or sovereignty over any … Growth is … The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years. The new set of data attributes Africa’s economic rebound mainly to: Recovery in the global economy and bottoming out of the commodity price bust that had set in since 2014. Industry provides 14.8% of GDP, much less than in many other African states, but the country is teeming with micro and small enterprises, mostly in the informal sector. This report is a unique tool for African and OECD-based decision makers from the public and private sector, including aid agencies, investors, and government officials of aid-recipient countries. The African Economic Outlook 2014 analyses the continent’s growing role in the world economy and predicts two-year macroeconomic prospects. Sub-Saharan African economic outlook. Abebe Aemro Selassie, Director of the IMF African Department, gives an overview of the latest Regional Economic Outlook Report for Sub-Saharan Africa. African Economic Outlook 2020. African Economic Outlook 2020. Email; Print; Tweet; Share; Share BANGUI, November 30, 2020 — According to the latest economic update for the Central African Republic (CAR), which was published today by the World Bank, the country’s pace of economic growth for 2020 will have slumped to between 0 and … For its 16th edition, the report takes a hard look at the role of … The chapter concludes with a description of domestic revenue performance in Africa from 2005 to 2015, as well as an analysis of the challenges to … The economic recovery in sub-Saharan Africa continues. African Economic Outlook. This year’s theme focused on education, training and the development of Africa’s ‘Workforce for the Future.” While it contains some good news, it too finds ominous trends for the continent’s economic growth. Menu: DP EA. South Africa has had some of the world’s strictest lockdown restrictions in place since the end of March 2020, as the country prioritised its response to the health crisis by aiming to save as many lives as possible. This 11th edition of the African Economic Outlook reviews recent economic, social and political developments and the short-term likely evolutions of 53 African countries.This year’s edition will for the first time cover Eritrea and South Sudan. For its 16th edition, the report takes a hard look at the role of … This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. April 2019. Quarterly Forecasts. The African Economic Outlook (AEO) 2009 on Innovation and New Technologies in Africa uses information collected during country missions undergone by the AfDB, the OECD Development Centre, the UNECA and African think tanks in 47 African countries. Share: February 12, 2020. 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. TRADING ECONOMICS. Economic outlook for the Central African Republic: Diversifying the economy to build resilience and foster growth . Africa’s economic performance and outlook amid COVID–19 1 Macroeconomic performance and prospects 8 Africa’s economic prospects amid the COVID–19 pandemic are weak 8 Growth is projected to reverse sharply for all economic groups, but with major variations 10 The outlook for recovery remains uncertain and vulnerable to COVID–19, Locust–19, and other compounding factors 13 … To help you make informed strategic decisions Africa shows How 4IR technologies can enable access to data. Innovations in Information and Communications technologies ( ICTs ) Background Paper and Expanded Statistical Appendix Tables the civil war completely... 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