Friday, August 26, 2016

African Economic Outlook 2016

The African Development Bank (AfDB)has published its "African Economic Outlook 2016."

It is useful to compare this report with the International Monetary Fund (IMF) report posted below on 25 August. AfDB covers all of Africa while the IMF looks only at Sub-Saharan Africa (SSA). Both reports agree that Africa's growth rate in 2015 was about 3.5 percent, but the AfDB is more optimistic about the growth rate in 2016. The IMF says the SSA growth rate will be about 3 percent while AfDB says for all of Africa it will be about 3.7 percent. Including North Africa in the AfDB number does not account for the different projections.

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