Looking ahead, the economic outlook for africa remains optimistic. Oecd economic outlook pdf the oecd economic outlook is the oecds twiceyearly analysis of the major economic trends and prospects for the next two years. The outlook for the domestic economy has worsened on the covid19 pandemic, we now forecast 0. Prospects in the retail and consumer goods sector in ten sub. The annual african economic outlook aeo monitors the continents state of affairs. As successive editions of the african economic outlook have shown, africa s rate of growth has outperformed the global rate over the last decade. Angola african economic outlook 2017 angolas economy grew by 1. African development bank, organisation for economic cooperation and development, united nations development programme, united nations economic commission for africa, 2012 2 equity research fortnightly thoughts. This april 2016 issue of the regional economic outlook. For south africa, this entails raising the level of growth and making it more inclusive. An investment and growthsupportive outcome is likely to result in a gradual economic recovery.
Addressing africas education and skill gaps requires collective action involving governments, households, international donors, and the private sector. Almost all african countries are expected to register higher growth in 2010 than in 2009. African economic outlook 2016 african development bank. The recent economic expansion has been boosted by a stable macroeconomic environment, positive investor confidence and a resilient. World economic outlook weo growth resuming, dangers remain. English economic commision for africa sixth session of the committee on food security and sustainable development regional implementation meeting for the eighteenth session of the conference on sustainable development 2730 october 2009 addis ababa, ethiopia. Imf executive board discussion of the outlook, march 2012 171 statistical appendix 175 assumptions 175 whats new 176 data and conventions 176 classification of countries 177 general features and composition of groups in the world economic outlook classification 177 table a. Pace of urbanisation trends in selected african countries, 19802012. Africas sustainable economic and social transformation is a global priority. Bloomberg and national treasury calculations domestic outlook the south african economy is forecast to grow by 1. South africa economy gdp, inflation, cpi and interest rate. Recent growth has been due to growth in sales in commodities, services, and manufacturing. An analysis of issues shaping africas economic future. This th edition of the african economic outlook underscores the continents resilience to regional.
This th edition of the african economic outlook underscores the continents resilience to regional and global headwinds. African economic outlook 2020 african development bank african economic outlook 2020 developing africa s workforce for the future. Organisation for economic cooperation and development oecd, 2009. The april 2012 edition of the world economic outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011. Background and reauthorization congressional research service 1 introduction in 2000, congress passed the african growth and opportunity act agoa, a u. This has inspired much optimism about the regions prospects to.
Overall, the 2012 african economic outlook presents an optimistic scenario for the continent. The challenges and obstacles unemployed youth and the working poor face are diverse and vary between countries. Ethiopia, having registered high economic growth since 2005 at an average 10. Click on the image above to explore the interactive africa is one of the fastest growing regions in the world after escaping the. African economic outlook 2012 summary in english click to download pdf. In objects of desire design and society pdf the complete economic outlook release. The african economic outlook was prepared by a consortium of four teams from the african development bank afdb, the oecd development centre, the united nations development programme undp and the united nations economic commission for africa uneca. 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. Pdf exploring economic structure and drivers of economic. South africa economic outlook economic indicators, news. Goldman sachs, march 1, 2012 there are, however, some factors that have a positive influence on trade. This article set out to analyse the economic structure and main economic drivers in botswana. Imf world economic outlook weo growth resuming, dangers.
Yet high growth is not sufficient to guarantee productive employment for all. Africa s 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. The outlook for 20 and 2014 remains positive, with economic growth projected to reach 8. Gender gaps in entrepreneurship in 18 african countries, 201215. The ssa region is a leading market for south african exports, particularly manufactured goods, and provides. 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. This 11th edition of the african economic outlook aeo is marked by a twintrack. Classification bwy orld economic outlookgroups and their shares. This 11th edition of the african economic outlook provides coverage of all african countries except somalia. In japan, january industrial production data show that the 8month contraction in activity came to an end in january 0. This years edition will for the first time cover eritrea and south sudan. Subsaharan africa is published twice a year, in the spring and fall, to.
While economic activity faltered following the 2008 global economic recession, growth resumed in the last five years reaching 5. The economic services unit presents this 24th economic outlook to the arc as a planning resource. This editions focus concerns the promotion of youth employment in africa. Africa s impressive growth for more than a decade and its resilience to the. The annual african economic outlook aeo is an essential reference for monitoring the economic, social and political developments of the continent. It would lay the foundation for a competitive continental market to accelerate growth and allow africa to be more competitive in global trade and value chains. Youth unemployment takes shine off africas economic. According to african economic outlook aeo projections, growth is expected to remain robust at 5.
The document analyses global and domestic trends in economic and agricultural markets and in related policy, as well as potential impacts on sector performance. Citizen journalism and democracy in africa an exploratory study, page 27. Real gross domestic product gdp grew at an estimated rate of 7. African economic outlook 2012 african development bank group this report is available freeofcharge on. According to african economic outlook, the african economy is expected to grow at 5. The tax mix of different country income groupings in africa, 19962012. The african economic outlook aeo 2020 was prepared in the vice presidency for economic governance and knowledge management, under the general direction of charles lufumpa, acting vice president and chief economist, with support from eric ogunleye, amah marieaude ezanin koffi, tricia baidoo, and vivianus ngong. African political leaders last year was their collective willingness to move forward with africas economic integration. 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. African economic outlook 2017 entrepreneurship and. The team included francisco arizala, wenjie chen, larry qiang cui, jesus gonzalezgarcia. Summary of the african economic outlook 2012 thematic chapter on promoting youth employment africa has the worlds youngest population and it is growing rapidly.
Summary of the african economic outlook 2012 thematic. Oecd economic outlook pdf oecd economic outlook pdf oecd economic outlook pdf download. Africa has the worlds youngest population and it is growing rapidly. Why an african economic outlook on youth employment. Reo regional economic outlook imf sacu southern african customs union ssa subsaharan africa tfp total factor productivity usaid united states agency for international development var vector autoregression vix chicago board options exchange volatility index waemu west african economic and monetary union. Since the previous economic update of september 2017, a number of important events have improved south africas economic. This site is powered by keepeek 360, digital asset management for business. Southern african customs union revenues are expected to rise in 2012, easing liquidity constraints, but. In 20, africa grew by about 4%, on average, compared to 3% for the global economy, although with broad variations across regions and income groupings. 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 difficult 2015 and 2016, which marked the end of the supercommodity cycle and. The economy of africa consists of the trade, industry, agriculture, and human resources of the continent. In the absence of a political process allowing them to express. Economic overview in brief the south african economy, which grew by an estimated 0.
African economic outlook is an annual reference bookjournal which focuses on the economics of most african countries. This 11th edition of the african economic outlook aeo is marked by a twintrack performance. The african economic outlook aeo celebrates its 15th edition this year. Over the decades diamond revenue has been strategically. To buy hard copies, see links on the website above. Botswana, a country in subsaharan africa, is a relatively small economy, hugely dependent on its. 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. The regions 2020 economic outlook deteriorated markedly this month owing to the intensifying coronavirus fallout and slump in commodity prices, particularly of oil. 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 undp. Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Nigeria african economic outlook african development bank.
The focus of the 2012 aeo is the promotion of youth employment in africa. This 11th edition of the african economic outlook aeo is marked by a twin track. The economic outlook is more favorable in the short and medium term, thanks to higher projected industrial and mining output, good performances in agriculture and fisheries and continuing structural reform. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than. Mar 25, 2020 economic snapshot for subsaharan africa. Good governance and policies continue to hold botswana in good stead. Mozambiques outlook remains positive if government negotiations with gas and coal operators make breakthroughs that allow for final investment decisions on liquefied natural gas projects during 2016, and a boost in coal exports. This years outlook offers new and timely analytics to show how african economies are integrat ing, how regional public goods are moving integration beyond the purely economic domain, and how the continental free trade agreement can generate substantial gains for all african countries. As successive editions of the african economic outlook aeo have shown, africa s rate of growth has outperformed the. Promoting youth employment african economic outlook. African economic outlook 2011 south african institute of. Hundreds of millions of young africans will be leaving school over the next decades, at every level, and looking for jobs.
Louvain, imf regional economic outlook for subsaharan africa, world bank. 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. Opinion surveys show that citizens demand better economic opportunities, as well as. Large sections of the population, and particularly the young, can be left behind and become frustrated. This years african economic outlook examines how the african continent, its regions and countries, have fared during the global crisis and forecasts economic developments in 2011 and 2012. Excluding south africa, the continents largest economy, growth in subsaharan africa is forecast to rise to 6%. This years african economic outlook from the african development bank shows that the continents general economic performance continues to improve.
This annual report examines africa s performance in crucial areas. 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 materials. Unicef annual report 2012 5 the situation of children and women in botswana botswanas impressive socioeconomic development has resulted in the countrys classification as an uppermiddle income country. This annual report examines africas performance in crucial areas. The policy emphasis now shifts back to the longer term structural issues. This years outlook offers numerous ways for african countries to develop the workforce of the future.
United nations economic and social council original. In the worlds ten fastestgrowing economies list published by the economist and the international monetary fund imf, six of these economies are african. The main reason for the lower projection is the further slowdown in the. The aeo report does not include economic growth or hdi data for somalia, south sudan or western sahara. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. The economic outlook for subsaharan africa ssa is positive, with growth rising to 5. Furthermore, fresh electricity generation problems in many countries, particularly south africa and ghana, means.
Subsaharan africa economic outlook data, statistics. The economic growth has not cut poverty nor created necessary jobs. As south africans, we are also proud of the rich natural. The 2012 african economic outlook presents an optimistic scenario for the continent. This forecast would change in the event of a deteriorating global economy. The economy likely fell into technical recession in the fourth quarter of last year. Annual economic reports south african reserve bank.
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