Africa's Pulse, No. 16, October 2017
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World Bank, Washington, DC
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Following a sharp slowdown over the past
two years, a recovery is underway in Sub-Saharan Africa.
Gross domestic product (GDP) growth in the region is
expected to strengthen to 2.4 percent in 2017 from 1.3
percent in 2016, slightly below the pace previously
projected. The rebound is being led by the region's
largest economies. In the second quarter of 2017, Nigeria
exited a five-quarter recession and South Africa emerged
from two successive quarters of negative growth. Economic
activity has also picked up in Angola. Elsewhere, an
increase in mining output along with a pickup in the
agriculture sector is boosting economic activity in metals
exporters. GDP growth is stable in non-resource intensive
countries, supported by domestic demand. But the recovery is
weak in several important dimensions. Regional per capita
output growth is forecast to be negative for the second
consecutive year, while investment growth remains low, and
productivity growth is falling.
Palabras clave
ECONOMIC OUTLOOK, RISKS, FISCAL TRENDS, CRISIS RECOVERY, FISCAL ADJUSTMENT, DEBT DYNAMICS, LABOR SKILLS, SKILLS DEVELOPMENT, TECHNICAL TRAINING