African economic outlook 2011 pdf

Financing costs generally remain low, and spreads have narrowed. This has inspired much optimism about the regions prospects to finally leave poverty and underdevelopment behind. South africa has made considerable strides toward improving the wellbeing of its citizens since its transition to democracy in the mid1990s, but progress is slowing. Aguiyi, godswill, ken ukaoha, lilian onyegbulam and onyekachi nwankwo, 2011, the comatose nigerian textile sectorimpact on food security and livelihoods national association of nigerian traders. With a population of about 92 million, ethiopia is the second most populous country in subsaharan africa. It contributes to gross domestic product, employment, trade, poverty reduction and inclusive growth. Ethiopia african economic outlook african development bank.

Developing africas workforce for the future growths fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Economic development in africa report 2017 united nations tourism in terms of its contribution to gross domestic product, employment and trade is an important sector in many african economies, and its growth is increasingly driven by tourists originating from the continent itself. African economic outlook 2011 summary in english click to download pdf. The 2019 african economic outlook highlights that macroeconomic stabilization and employment outcomes are better when industry leads growth, suggesting that industrialization is a robust path to rapid job creation.

This annual report examines africa s performance in crucial areas. It ranked the country first for strength of auditing and reporting standards as well as financing through local equity market. Global value chains and africas industrialisation adb, oecd and undp. Almost all african countries are expected to register higher growth in 2010 than in 2009. Africa has the worlds youngest population and it is growing rapidly. Subsaharan african trade and economic cooperation forum, commemorates its 10year milestone in zambia on june 910. Global economic prospects january 2018 economic outlook. East african community emerging markets and developing economies european union free primary education fiscal year gross domestic product government of kenya first, second half information communication technology integrated financial management information system lower middle income countries kenya economic update kenya mortgage refinance company. The challenges and obstacles unemployed youth and the working poor face are diverse and vary between countries. Given africas population size and its positive economic outlook, automotive companies will be able to gain a competitive advantage by adopting a medium to longterm view towards the continent. Deloitte africa automotive insights navigating the african. Africas economies have weathered the global economic and financial. Afdb calculations based on african economic outlook data for 50 countries.

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. According to the bank of uganda bou, the stock of foreign exchange reserves at the end of 2016 is equivalent to 4. Africas sustainable economic and social transformation is a global priority. Nigeria african economic outlook african development bank. Political environment the economic intelligence unit eiu predicts that political. Since the previous economic update of september 2017, a number of important events have improved south africas economic. African development bank, 2014, african economic outlook 2014. For the first time in a decade, investment accounted for more than half the continents growth, with private consumption accounting for less than. Growth will be solid, underpinned by sustained expansion in agriculture, construction, manufacture, and transport and communications and by a rebound in mining. World economic forum, 2011, the africa competitiveness report 2011.

The forum is at its critical juncture as africas place in the world has been rapidly changing. Economic development in africa report 2018 united nations intra african migration is a catalyst for economic growth and structural transformation. 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. African economic outlook is a reference website which focuses on the economics of most african countries. The need to keep rate differentials attractive means omo issuances would become more. The zambian economy slowed in 2011, mainly as a result of low growth in mining. If youre reading the pdf ebook edition, and your pc is connected to the. African political leaders last year was their collective willingness to move forward with africa s economic integration.

Indeed, if the world economy and world trade continue to recover, and commodity prices remain close to current levels, the continents outlook in 2010 and 2011 is promising, with average growth accelerating to 4. Socioeconomic context and role of agriculture ethiopia. African countries and the emergence of a middle class, deloitte regards the continent as the final frontier for the global automotive industry. The report also highlights significant allocations from the 201718 budget to various sectors of the economy. Cote divoire djibouti egypt equatorial guinea ethiopia gabon gambia ghana guinea guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania mauritius morocco. 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. This tenth edition of the african economic outlook finds the continent on the rebound and expects it growth performance in the next years to resume at precrisis levels. African development report 2011 african development bank. The african growth and opportunity act agoa forum, more formally known as u. Its thematic chapter explores the relationship between africa and its emerging partners and casts new light on the impacts for africa.

Report on economic and social conditions in west africa in. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency see african monetary union thus establishing an economic and monetary union. Subsaharan africa economic outlook data, statistics. Report on economic and social conditions in west africa in 2010 and outlook for 2011 a decade of the implementation of mdgs. The outlook for 20 and 2014 remains positive, with economic growth projected to reach 8. Northern cape posted an average economic growth rate of 2,4 per cent over the period. Excluding south africa, the continents largest economy, growth in subsaharan africa is forecast to rise to 6%. This annual report examines africas performance in crucial areas. The african economic community aec is an organization of african union states establishing grounds for mutual economic development among the majority of african states. However, the mediumterm economic outlook looks favourable. Achievements and shortfalls subsaharan africa ssa economies remain vulnerable and the sustainability of relatively strong growth rates is uncertain given the intensifying fiscal woes in the united states of america. This forecast would change in the event of a deteriorating global economy. Socio economic context and role of agriculture the federal democratic republic of ethiopia is a landlocked country in the horn of africa and is one of the most biologically and culturally diverse countries on the continent.

Nigeria economic outlook top 10 themes for 2019 top 10 economies in africa in 2018 egypt 8. Promoting youth employment african economic outlook. This will be driven by a combination of continued expansion in. The african economic conference 2017 is jointly organized by the economic commission for africa, the african development bank and the united nations development programme and will be held in addis ababa from 4 to 6 december 2017. On 21 may, the monetary policy committee mpc of the south african reserve bank sarb slashed its main lending rate by 50 basis points to 3. 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.

The 2011 african economic outlook was launched at the african development banks annual meetings in lisbon, portugal on 6 june, 2011. Apr 12, 2012 the fact that the benefits of the economic recovery are slowly spreading to all groups except to african americans, at least through the end of 2011, is reminiscent of the african american. Angola african economic outlook african development bank. Promoting youth employment africa has the worlds youngest population and it is growing rapidly. The countrys fiscal deficit is projected to widen slightly from 4. General features and composition of groups in the world economic outlook classi. The african economic outlook 2017 presents the continents current state of affairs and forecasts its situation for the coming two years. In its 20152016 global competitiveness report, the world economic forum ranked south africa 49th in its global competitiveness index out of 140 economies, up from 56th in the previous reporting period. Economies in the west african economic and monetary union waemu and in east africa expanded at a robust pace.

The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. Cbn, pwc analysis we expect only one rate cut in 2018 which would likely be capped at 200bps. The economic outlook for subsaharan africa ssa is positive, with growth rising to 5. 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. The world economic situation and prospects 2018 is a joint product of the united nations. World economic and financial surveys regional economic outlook.