Overview of the recent economic and social development performance of Africa: global performance and implications for African economies
Vue
Download
Date
2018-12Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa;United Nations. Economic and Social Council;
Metadata
Afficher la notice complèteRésumé
Global gross domestic product (GDP) of the African economies is projected to have grown at a more moderate pace of about 3.2 per cent in 2018 and 2019. Looking forward, the relatively strong global growth, and higher commodity prices are expected to raise demand for exports from African countries, resulting in higher export revenue, especially in commodity exporting countries. As compared with 2017, economic growth in Africa declined slightly from 3.4 to 3.2 per cent in 2018. Strengthening global demand and a moderate increase in commodity prices, sustained investment in infrastructure, higher oil prices and production, particularly from new fields, strong private consumption and favourable weather conditions are key factors supporting the economy. Real GDP growth in Africa is expected to increase marginally from 3.2 per cent in 2018 to 3.4 per cent in 2019 and reach 3.7 per cent in 2020. The expansion is envisioned to be driven mainly by the continued increase in private consumption, rising and sustained public investment, higher commodity prices, ongoing exploration and production of oil and expected favorable weather conditions. With the exception of North Africa, the sub regions of Africa are expected to post positive growth in real GDP in 2019 and in 2020.
Citation
“United Nations. Economic Commission for Africa; United Nations. Economic and Social Council (2018-12). Overview of the recent economic and social development performance of Africa: global performance and implications for African economies. UN. ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development Meeting(38th :2019, Mar. 20 - 22 :Marrakech, Morocco). Addis Ababa. © UN.ECA. https://hdl.handle.net/10855/41748”Conférence
UN. ECA Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development Meeting(38th :2019, Mar. 20 - 22 :Marrakech, Morocco)Collections
- Economic Development [8013]
Related items
Showing items related by title, author, creator and subject.
Draft introduction to the medium term plan beginning 1992
United Nations. Economic and Social Council; United Nations. Economic Commission for Africa
“United Nations. Economic and Social Council; United Nations. Economic Commission for Africa (1989-08). Draft introduction to the medium term plan beginning 1992. UN. ECA Ad Hoc Committee on the Draft Medium-Term Plan, 1992-1997 Meeting. (1989: Oct. 9 - 11 : Addis Ababa, Ethiopia). Addis Ababa. © UN. ECA. https://hdl.handle.net/10855/20747”
Fourth meeting of the conference of ministers of African least developed countries : draft Report
United Nations. Economic and Social Council; United Nations. Economic Commission for Africa
“United Nations. Economic and Social Council; United Nations. Economic Commission for Africa (1984-05). Fourth meeting of the conference of ministers of African least developed countries : draft Report. UN. ECA Conference of Ministers of African Least Developed Countries Meeting (4th : 1984, May 22 - 23 : Addis Ababa, Ethiopia). Addis Ababa :. © UN. ECA,. https://hdl.handle.net/10855/14573”
Handbook of national accounts for Africa : III. the national accounts of Ghana 1960, adjusted to conform to the intermediate system of national accounts
United Nations. Economic and Social Council; United Nations. Economic Commission for Africa
“United Nations. Economic and Social Council; United Nations. Economic Commission for Africa (1965-07). Handbook of national accounts for Africa : III. the national accounts of Ghana 1960, adjusted to conform to the intermediate system of national accounts. UN. ECA Working Group on the Adaptation of the Revised SNA to Africa (1965, Jul. 14 - 20 : Addis Ababa, Ethiopia). Addis Ababa :. © UN.ECA,. https://hdl.handle.net/10855/16402”