24-May-2017
English
In 2016, Zimbabwe’s growth more than halved to 0.5% from 1.1% in 2015. The government responded to the challenging environment by instituting a raft of measures including a temporary ban on imports, issuance of bond notes and introduction of a command agriculture system.
24-May-2017
English
Although the next twelve months look more promising, Zambia faced economic challenges in 2016 following another year of low copper prices and crippling electricity supply deficits affecting economic activity. The new government took office in September 2016 and has started implementing its economic reform programme that aspires to expand growth and restore budget credibility while reducing the fiscal deficit.
24-May-2017
English
Growth in the Ugandan economy slowed down to 4.8% in 2016 from 5.5% the previous year but is projected to rebound strongly in 2017 to 5.1% and expand further to 5.8% the following year. Uganda has made limited progress in improving human development but the National Development Plan (NDP II) envisages significant investments that could contribute to increased human capital development.
24-May-2017
English
Real GDP growth rate of 1.0% was lower than the 2.6% predicted in the 2016 budget but is projected to increase with accelerated implementation of the 2016-20 strategic development (PSD. The new administration elected on 31 August 2016 called for reforms to be intensified.
24-May-2017
English
Togo’s economy slowed to 5% growth in 2016 from 5.3% in 2015, due to lower government investment and less port activity. The government’s 2017-19 economic programme aims to reduce public debt from 76% of GDP in 2016 to 56.4% by 2021. The government is raising money for a 2016-18 industrial programme to boost agroindustry and set up an entrepreneur fund.
24-May-2017
English
Growth in real GDP is estimated at 7.2% in 2016 with the same rate projected for 2017, driven mainly by strong performance in industry, construction, services, and information and communication sectors. Fiscal position has remained healthy and ongoing efforts by the government to improve revenue mobilisation as well as efficiency in public spending will help in maintaining the good performance.
24-May-2017
English
Economic growth remains subdued and is estimated to have slowed down in 2016 to -0.6%, mainly due to two factors, severe drought and fiscal pressures; while prospects will be sluggish in 2017 and 2018. The political scene has continued to be relatively stable since the September 2013 elections, but the country’s ranking in participation and human rights remains low.
24-May-2017
English
Economic growth slowed in 2016 to an estimated 3% as a result of the decline in oil production and macroeconomic imbalances and is projected at 3.4% in 2017 and 3.6% in 2018 on the back of improved performance in the non-oil sector and temporary lifting of US sanctions.
24-May-2017
English
Macroeconomic performance has continued to deteriorate because of the country’s fragile situation and continuing low worldwide oil prices while growth fell by 0.2% in 2015 and the fiscal and current account deficits have increased sharply.
24-May-2017
English
Economic growth decelerated to 0.3% in 2016 although it is expected to rebound to 1.1% in 2017 and higher in later years. Growth prospects will be driven by moderately stronger global growth, more favourable weather conditions, reliable electricity supply, less volatile labour relations, recovering business and consumer confidence, and stabilising commodity prices.