African Economies to Grow 4.5%

GDP growth in Africa

Africa’s gross domestic product (GDP) growth is expected to strengthen to 4.5% in 2015 and 5% in 2016 after subdued expansion in 2013 (3.5%) and 2014 (3.9%). The 2014 growth was about one percentage point lower than expected, as the global economy remained weaker and some African countries saw severe domestic problems. But the world economy is improving and if the AEO 2015 predictions are right, Africa will soon be closing in on the impressive growth levels seen before the 2008-09 global economic crisis.

There are surprising regional differences. West Africa achieved relatively high growth of 6% in 2014 despite its battle with the Ebola virus. Nigeria’s growth of 6.3% came mainly from non-oil sectors showing that the economy is diversifying. But Southern Africa’s growth fell below 3% as the key South African economy only grew by 1.5%.

On the supply side Africa’s growth has been mainly driven by agriculture, extractive industries, construction and services. On the demand side, the boost has come from private consumption and infrastructure investment.

So far African economies have been relatively resilient to the sharp fall of international commodity prices. Production has often increased despite the lower prices, and growth has also been boosted by other sectors. But if commodity prices remain low or decline further, growth shortfalls in resource-rich countries would increase as governments need to cut spending. Governments will be keeping a close watch on conditions in key markets, especially Europe and China.

In countries where inflationary pressures have eased, policy interest rates have been reduced to stimulate growth. Yet in several countries exchange rates came under pressure and central banks responded by tightening policies to stabilise exchange rates and contain inflation. Most African countries continued their prudent fiscal policies to keep budget deficits at sustainable levels. But in several countries, including oil exporters, fiscal positions weakened despite efforts to limit spending and to improve tax revenues.

what time does target close near me How to stop allergies what are pesticides what does chamomile tea do How many tricks can an animal with an int of 6 know How to schedule a text? what resturants are open on christmas How to do tricks on heelys How to connect xfinity remote to tv? How to lighten dark armpits How to start a cleaning business what does pts mean How to turn a decimal into a percent what does the skeletal system do What sex tricks do women use for a man Vape tricks beer where to buy what does primitive mean How are the best magic tricks done? Xxx diy how to tie nipples tips and tricks How much do valets make on tips How to unclog nose at home? How to use python gyaitgdhbibymfa what does it mean How to see recently deleted apps? How to become a 911 dispatcher How to drill into brick How to increase breast milk supply? what does low sodium mean in a blood test How to draw dragon? what does as per mean How to beat cliff march 2021? How to dry brush? Toothless how to train your dragon? How to pronounce inevitable? How to tell if finger is broken or sprained? How to do dog tricks what does the name leslie mean what does milkshake song mean How to slim your waist tricks How to watch euro 2021 in usa what does ytd mean How to make hot chocolate? what are neurotoxins How to wrap wrist for de quervain's tenosynovitis what time does home goods open What does tips stand for in ir If i want to move to the uk what are some helpful tips How to uninstall discord what does standard deviation mean How many tricks can you teach a cat what does the peace corps do How to slow down a video Tips for how to teach lefties how to write what does fine mean what does it mean to die of consumption How to trim a brisket? How to do all tricks in trials fusion keyboard what is sample mean Where can you find the brush tips for the smudge tool what do itchy hands mean How many states needed to ratify the constitution What song is “bitches ain’t sh*t but hoes and tricks / lick on these nuts and suck the d*ck.” Tips and tricks on how to fight bloating and zits and stretch marks Why are the tips of peace lily turning brown How to draw cartoons what does eco mode do Why don't business allow their employees to take tips How to get rid of belly fat female what are cameos Tips when bidding on a house what does a high diastolic mean How to become a cop? How to draw a giraffe? what does ibfs mean How to breathe better? what does idc mean How to hear god's voice? How to do skipping rope tricks How to do string tricks step by step easy ones what does fraulein mean what are fillers How to heal hemorrhoids? what does harboring mean Logic pro x how to get rid of tips How to use cupcake decorating tips What other tricks to use besides kodi or terranium tv How to find a sugar daddy? what are assets and liabilities what does mara mean How to adjust hunter sprinkler heads How to code image aspect ratio css tricks Tips with what is acceptable for writing or speaking about people with disabilities How to improve balance? Tricks when you can't fall asleep what titans does eren have what does defile mean How to become a twitch affiliate How to use telegram? What meat to use for sirloin tips How to cook corn on the cob in the microwave? what does kmsl mean in text what are funko pops What were john macys tricks How much to give for a wedding gift cash 2021 what does emanate mean what are sand dollars Tips on how to have clear skin How to setup tips on twitch what are the healthiest fruits what are bishops How to train your turtle to do tricks How to see if you have a warrant what are the sexualitys Why are the tips of my hair white How to get a guard card How to make cramps go away? How to do matrix tricks How to free up space on android? What are three important safety tips about keys Mario kart wii speedrun tricks how to what does tr mean in college entrepreneur what does it mean How to graph an inequality How to get rid of chipmunks Tips on how to ace a job interview How to get rid of bed bugs what does pompous mean what does brushless motor mean How to serve caviar what are the best hotdogs what does me mean what are grains what does tn mean what does a finch look like How to hide friends on facebook what does dream mean How to cite a podcast what does it mean when your buttholes hurts while pooping When an old dog learns new tricks what does it mean to bear false witness How to talk to anyone: 92 little tricks audio book torrent What tricks and tips would you share with another developer just getting started in mips? what does the pupil do what does soho stand for nyc How to do science tricks art what does linda mean what are long johns What is the average amount of tips a stripper makes in dallas tx How to change mac password? what are the lowest paying jobs what does judgement mean When can you use q tips on a toddler Nissan how to remove exhaust tips what do blue nails mean What is the diameter of the stock c6 exhaust tips? Tips on how to get better sleep what does it mean when your left eye twitches How to clean toilet stains what does calls with a checkmark verified by carrier mean How to make hair less greasy How to build an ar15 what does criticism mean How long to bake sweet potatoes at 400? How to cure stomach ache what does yt mean in race How to go gluten free what does the name blake mean what does it mean when a dog leans on you Tips on how to play udyr top what are stewards What is social security tips on w2 box 7? what does mitochondria look like what does retention mean How to hang curtain rods? How to get catholic high school scholareships tips what does kept mean on imessage How does imad magician do his tricks what are itchy hands a symptom of Where to reports tips in ca How to get rid of a cough How to stop foot cramps How old does a puppy need to be to learn tricks what does being submissive mean Tricks for convertin delta why How to use acrylic paint what are sunk costs Flee time who heaven thrives we soar, fate, oh hero, tricks tricks for one Tips on how to get toddler to stay in bed How to stop vertigo what does tonsil stones look like what time does dillards open what are the signs of a brain tumor How to make stickers? How to do tricks on skateboard 2k21 How to unclog ears from congestion How to dial extension? what does aye mean How to play pokemon on iphone what does disparity mean How to setup netgear wifi extender? what does 🍒 mean sexually How to transfer from android to iphone Raw tips how to use what does watershed mean How to tell low o2 from finger tips How long does meatloaf take to cook? How to make tartar sauce? what does dc mean in washington dc Ryobi pressure washer tips what colors match angle what episode does glenn die in the walking dead what does a shooting star mean what does attentive mean what does brown mean on a mood ring what does chattels mean What kind of meat to use to make beef tips How to cook a cornish hen? How long it tips certification last in va How to frame a canvas? How to find your zodiac sign? How to keep How to cook lamb tips on the grill what does lgbtq How to set up ohmibod nex1 for tips Tips on how to beat the alolan elite four what does et mean How many people are paralized from do trampoline tricks each year what does call forwarded mean what are dominican mixed with Minecraft essentials how to edit tips what does buying stock on margin mean Who put tips on cue sticks what does manuscript mean what allergens are in the air today How to get dental insurance? what does a gaffer do How to painlessly kill yourself? How to use uniswap How many calories are you supposed to eat a day what does ridges in fingernails mean How to sell tickets on seatgeek? what does ofta mean How to cook hot dogs in air fryer How long to build a house? How to apply for survivor How to turn airdrop on mac Where to buy rod tips what does pathological mean How to add audio to google slides? what does toothpaste do to pimples what does :) mean in texting Tips when cooking chicken breast in oven what does a&m stand for what does " mean Here’s why you should never put q-tips in your ears. How to get rid of neck pain from sleeping wrong? How to apologize to someone How to make margaritas at home How to get hair dye off skin? What are your best rimjob tips buzzfeed what does inert mean what are the side effects of drinking apple cider vinegar everyday? How to know a person's sexual tendencies with psychology tricks what do pfp mean what does 4444 mean How to draw a mask what does nauseous mean what does a yellow heart on snapchat mean what does referral mean
Source: www.africaneconomicoutlook.org
RELATED VIDEO
US GDP Growth Prospects with Jeremy Gardiner
US GDP Growth Prospects with Jeremy Gardiner
Africa with China ep.4 | Ethiopia invests 10% of its GDP
Africa with China ep.4 | Ethiopia invests 10% of its GDP ...
Does GDP Growth Make Nigeria Ripe for Investment?
Does GDP Growth Make Nigeria Ripe for Investment?
RELATED FACTS
Share this Post

Related posts

Growth in African

Growth in African

MARCH 28, 2024

FOR decades commodity prices have shaped Africa’s economic growth. The continent is home to a third of the planet’s mineral…

Read More
Economic Systems in Africa

Economic Systems in Africa

MARCH 28, 2024

The African economic structure is one of the poorest in the world. Various issues spanning from diseases, less industrial…

Read More