Africa's Pulse, No. 15, April 2017
Economic growth in Sub-Saharan Africa is projected to recover to 2.6 percent in 2017, following a marked deceleration in 2016. The upturn in economic activity is expected to continue in 2018-19, reflecting improvements in commodity prices, a pickup...
| Main Author: | |
|---|---|
| Format: | Serial |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/348741492463112162/Africas-pulse http://hdl.handle.net/10986/26485 |
| Summary: | Economic growth in Sub-Saharan Africa is
projected to recover to 2.6 percent in 2017, following a
marked deceleration in 2016. The upturn in economic activity
is expected to continue in 2018-19, reflecting improvements
in commodity prices, a pickup in global growth, and more
supportive domestic conditions. The pace of the recovery
remains weak, however, as the region's three largest
economies – Angola, Nigeria, and South Africa – are
projected to post only a modest rebound in growth following
a sharp slowdown in 2016. Investment growth will recover
only gradually, amid tight foreign exchange liquidity
conditions in major oil exporters and low investor
confidence in South Africa. Growth will be limited in
several metals exporters, as well as in oil exporters in the
Central African Economic and Monetary Community, as these
countries embark on fiscal adjustment to stabilize their
economies. Among non-resource intensive countries, such as
Ethiopia, Senegal, and Tanzania, growth is expected to
remain generally solid, supported by domestic demand. |
|---|