Blog posts tagged by tag: Africa
Sub-Saharan Africa economies have been hit by low prices for raw materials and multiple domestic challenges this year. Our panel of analysts downgraded the region’s outlook for the fourth consecutive month and they now expect the economy to expand 2.0% in 2016 and 3.6% next year.
Click on the image to open a full-sized version
Things have not been going so well for Africa's two largest economies so far in 2016. Nigeria and South Africa have both felt the brunt of the global commodities price plunge over the last year and now they have the impact of the Brexit to contend with. The question is, when will they recover? Have a look at the infographic below to find out how we forecast growth going for Sub-Saharan Africa's two big guns through 2017.
As Iran ordered a ramping up of production by 500,000 on Monday, Persian tankers were already filling their hulls with millions of barrels of low-sulphur crude, destined mostly for European markets. Although there are some factors restricting the accessibility of Iranian crude to foreign markets, especially given that U.S. institutions are still barred from Iranian oil transactions, Iran will want to regain market share it has either lost, or never had access to. This will most likely translate to more supply of high-quality hydrocarbons and downside pressure on prices.
These economies are forecast to be the best performers in 2016 according to our poll of economists
Click on the infographic to open the full sized version
Click on the image to open the full-sized version
China’s meteoric rise in the past has been a boon to developing and advanced economies alike. Its seemingly insatiable consumption of raw materials destined for its rapidly-expanding urban centers and capital investments in a number of sectors helped to inflate what is often referred to as the “commodities super cycle” that has characterized the past 15 years. In an effort to secure such commodities, China has expanded its presence in sub-Saharan Africa, sending substantial sums of capital, expertise and workers to develop extraction industries and infrastructure in several countries. However, China’s rapid growth is unwinding, and its objectives in Africa are likely to reflect this fact. This month, Chinese leader Xi Jinping visits Zimbabwe and South Africa to engage in talks with African leaders.
How do the freshly-released IMF GDP growth forecasts compare to the FocusEconomics Consensus Forecast
The IMF has just released its biannual World Economic Outlook. Sharp downgrades were made to its growth forecasts for emerging economies, especially Brazil, Nigeria, South Africa and Russia. See how the IMF 2015 GDP growth forecasts compare to the latest consensus forecasts from the FocusEconomics’ network of the world’s leading economists.
Click the image below to enlarge
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