24-May-2017
English
Morocco’s economy grew by an estimated 1.5% in 2016 due to the adverse impact of poor rainfall but the economy is projected to grow by 3.7% in 2017. Parliamentary elections in October 2016 were won by the right-wing Islamist Justice and Development Party.
24-May-2017
English
The pace of economic growth was moderate in 2016, with the economy growing by 3.6% compared with 3.4% in 2015 reflecting a slight increase in domestic investment that was offset by weak external demand. Political stability and sound macroeconomic management continue to promote investor confidence.
24-May-2017
English
The economy grew by an estimated 3.1% up from 2% in 2015 despite a sharp fall in the price of iron ore. The economic outlook is more favourable in the short and medium term, thanks to higher projected industrial and mining output, good performances in agriculture and fisheries and continuing structural reform.
24-May-2017
English
Economic growth in 2016 remained sluggish at 2.7% due largely to the El Niño induced drought, but is projected to improve to 4.0% in 2017 and further accelerate to 5% in 2018. Malawi was amongst countries in the Southern African Region worst affected by the drought, with 36% of the population requiring food relief.
24-May-2017
English
Economic growth was a robust 5.3% in 2016, and is expected to remain so in 2017 based on strong domestic demand. Despite the signing of a peace and national reconciliation agreement in June 2015, the security situation was a cause for concern in 2016, with unrelenting rebel attacks against United Nations forces and the national army, plus mutually destructive fighting.
24-May-2017
English
The economy expanded by 4.0% in 2016 with 4.5% predicted for 2017 after five years of sluggish growth. This growth will depend on political stability and enactment of structural reforms. To speed up industrialisation and promote inclusive growth, the government must push ahead with creating special economic zones and helping micro enterprises to flourish via a financial sector adapted to the needs of start-ups.
22-May-2017
English
Real GDP growth was -8.1% in 2016, against -10.1% the previous year, due to a slight improvement in oil production, which is expected to recover to -4.9% in 2017 following exemption from OPEC’s supply cap, the recapture of eastern ports and reopening of oil. A persistent struggle for power has prevented the rival governments from converging towards common ground.
22-May-2017
English
Weak commodity prices continue to weigh on Liberia’s economy, which contracted by an estimated 0.5% in 2016. Economic growth is expected to strengthen in the medium term, reaching around 4% in 2017.
22-May-2017
English
The economy is on a recovery trajectory with 2016 GDP growth estimated at 3.1%, largely driven by a booming tertiary sector and mining investment, while the outlook is for higher growth in 2017 and 2018. In spite of the boost in economic growth, high unemployment and inequality have intensified poverty to 56.2% of the population, calling for a more aggressive response to realise more inclusive development outcomes.
22-May-2017
English
Real GDP growth increased to an estimated 6.0% in 2016, up from 5.6% in 2015, with the expansion projected to continue in 2017 and 2018, supported by large investments and growth in the service sector. A stable macroeconomic environment with single-digit inflation (averaging 6% in 2016) prevailed as political campaigning for the August 2017 general elections got underway.