Reuters/Siphiwe Sibeko . The AFD’s 2019 Africa Economic Outlook shows Africa’s gross government debt-to-GDP ratio reached 53% in 2017. This forecast would change in the event of a deteriorating global economy. 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). Six Charts on How Elevated Global Uncertainty Is Creating Challenges for Sub-Saharan Africa. Regional Economic Outlook for Sub-Saharan Africa, June 2020 Update. COVID-19 has changed the already-challenging economic outlook for the worse, while further exposing deep structural divides in the economy. Southern Africa shows how 4IR technologies can enable access to trusted data and driving the economic rebound in the wake of COVID-19. 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 … 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 chapter concludes with a description of domestic revenue performance in Africa from 2005 to 2015, as well as an analysis of the challenges to … Clear views to help you make informed strategic decisions. It explores how foreign direct investment, portfolio investment, remittances and official development assistance have evolved in 2015 and 2016, and their outlook for 2017. The focus of the 2012 AEO is the promotion of youth employment in Africa, presenting a comprehensive review of both challenges and opportunities Africa … 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 small industry that existed before the civil war has completely vanished and the machinery sold as scrap metal. By Yinka Adegoke. It also presents a comprehensive analysis of the economic, social and political developments on the continent. Our Privacy Statement & Cookie Policy. 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 … This prioritisation saw South … Consultations with Governments, regulatory agencies, universities, donors and civil society, as well as data collected on ICT sector performance … 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: … 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. 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 … The outlook for 2020 for sub-Saharan Africa is considerably worse than was anticipated in April and subject to much uncertainty. African Economic Outlook 2020 - Supplement. Abebe Aemro Selassie, Director of the IMF African Department, gives an overview of the latest Regional Economic Outlook Report for Sub-Saharan Africa. The report is jointly published by the African Development Bank and the OECD Development Centre. South Africa Economic Outlook. The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years. Menu: DP EA. A section of one-page notes … Africa’s sustainable economic and social transformation is a global priority. The report is published by the OECD Development Centre, the African Development Bank, the United Nations Development Programme and … Amid all the difficult news, the African Development Bank released its annual African Economic Outlook report. Regional Economic Outlook Overview by Abebe Aemro Selassie. Atop the list is youth unemployment, which … World AIDS Day: Lessons for managing COVID-19 from the HIV/AIDS pandemic. Almost all African countries are expected to register higher growth in 2010 than in 2009. Your browser is not up-to-date. Economic outlook for the Central African Republic: Diversifying the economy to build resilience and foster growth . 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 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%. June 2020. Take a no obligation free … 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. Somalia’s economy remains fragile as it relies heavily on the agriculture and livestock sectors, remittances and telecommunications, with no apparent manufacturing and industrial sector. These … 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. The ninth edition of the African Economic Outlook portrays a continent that is slowly emerging from the lingering effects of the world’s deepest and most widespread economic crisis in half a century. Country notes now cover all 54 African countries. 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. African Economic Outlook 2018. Sub-Saharan Africa: More Competition Less Inequality. Nadia Hewett 17 Dec 2020. Data Tools … Share: February 12, 2020. The African Economic Outlook 2014 analyses the continent’s growing role in the world economy and predicts two-year macroeconomic prospects. They summarise recent economic growth, forecast … 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. 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. It highlights the growing importance of private flows in comparison to public ones. This document, as well as any data and maps included, are without prejudice to the status of or sovereignty … TRADING ECONOMICS. 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 … Africa’s informal sector dominates. Okay to continue Our website uses cookies to improve your online experience. 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 … Indeed, if the world economy and world trade continue to recover, and commodity prices remain close to current levels, … This quarterly publication offers a comprehensive overview of the economic outlook for African economies over the next 12-24 months. The 2009 African Economic Outlook focuses on Innovations in Information and Communications Technologies (ICTs). African Economic Outlook 2020 Developing Africa’s Workforce for the Future. In 2007, the African Economic Outlook's focus was on Access to Drinking Water and Sanitation.This edition was launched in Shanghai, at the African Development Bank Annual Meetings. Home; Areas of Work. Africa Economic Outlook. Economic activity this year is now projected to contract by some 3.2 percent, reflecting a weaker external environment and measures to contain the COVID-19 outbreak. 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. We support the implementation of the African Union’s strategic vision at continental, regional, national and local levels by co-producing cutting-edge data and analysis with our African member states and partners, and facilitating an open dialogue on policies to accelerate that transformation. Podcast. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6%. Economic Policy and Research; Regional Integration and Cooperation; Statistics; Regional Integration and Cooperation; Private Sector Development, … African Economic Outlook 2020. 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. Economic Affairs. Currencies; Stocks; Commodities; Bonds; Earnings; … 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. 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%. The economic recovery in sub-Saharan Africa continues. 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. Quarterly Forecasts. African Economic Outlook 2018 AFRICAN DEVELOPMENT BANK. For its 16th edition, the report takes a hard look at the role of … This calls for … African Economic Outlook 2020. Africa’s economic outlook is promising for 2018, but there are clouds on the horizon. Africa editor. November 17, 2020. South Africa’s debt-to-GDP ratio of 46%, worsened by the … Full Text Country Focus Podcast Background Paper and Expanded Statistical Appendix Tables. Make sense of the implications of current market trends and future developments. This year's World AIDS Day holds extra significance in light of the coronavirus … April 2019. Very little value is added to agricultural and livestock products before they are either exported or … 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. Register Login Calendar; News; Indicators. This document, as well as any data and maps included, are without prejudice to the status of or sovereignty over any … The economic scenario likely remained challenging in Q3, after the historic plunge in activity in Q2. 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. 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. 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 … Country Focus. Meanwhile, business sentiment remained entrenched in negative territory in the same period, … “Economic … Countries; Indicators; Markets. For optimum experience we recommend to update your browser to the latest version. 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. 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. Southern Africa shows how unlocking data can drive economic recovery. Economic Affairs. 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. Benefit from our unique, independent analysis. Growth is … The African Economic Outlook 2017 presents the continent’s current state of affairs and forecasts its situation for the coming two years. Sub-Saharan African economic outlook. Sub-Saharan Africa Regional Economic Outlook: Recovery Amid Elevated Uncertainty. While the pace of decline moderated from Q2 due to the gradual easing of restrictions, industrial output contracted relatively sharply in the quarter. This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. 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. 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. 07-Jul-2020. Share: Discover. 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