IMF: The fastest growing economies in Africa 2020

Fiziolojia

JF-Expert Member
Joined
Oct 19, 2019
Messages
500
Points
1,000

Fiziolojia

JF-Expert Member
Joined Oct 19, 2019
500 1,000
According to IMF ni:

1. South Sudan 8.2%,
2. Rwanda 8.1%,
3. Cote d'Ivoire 7.3%,
4. Ethiopia 7.2%,
5. Senegal 6.8%,
6. Benin 6.7%,
7. Uganda 6.2%,
8. Burk.Faso 6%
9. Mozambique 6%
10. Niger 6%
11. Kenya 6%

NCHI YANGU TANZANIA IPO WAPI WAKATI TULIAMBIA UCHUMI WETU UNAKUWA KWA KASI?

=====



African economies will outperform global growth in 2020 despite a lag from its biggest countries

Last year, Africa had some of world’s fastest-growing economies and 2020 won’t be very different.

A few of the countries on the top 10 list may have changed but the IMF, World Bank and other institutions all expect above global average GDP growth.

The top performers will be South Sudan (8.2%), Rwanda (8.1%) Côte d’Ivoire (7.3%), Ethiopia (7.2%), Senegal (6.8%), Benin (6.7%) and Uganda (6.2%) along with Kenya, Mozambique, Niger and Burkina Faso all expecting 6% growth.

While these countries help push up Africa’s overall average economic growth rate forecast to 3.8% (or 3.6% for Sub Saharan Africa), these averages are weighed down closer to the global average (3.4%) by the two largest economies, Nigeria (2.5%) and South Africa (1.1%).

1578981734879.png


Nigeria’s outlook has improved after a strong end to 2019, but most economic watchers believe it needs to grow much faster to pull large chunks of its 200-million strong population out of poverty.

Economic reform has been slower than expected since February 2019’s presidential election. South Africa’s meager growth rates are exacerbated by its ongoing electricity crisis and overall political stasis. Its leaders will likely spend part of the year dreading an inevitable debt downgrade.

Since 2020 is seen as the start of a new decade, Brookings Institution’s annual Foresight Africa report looked at the average economic growth forecasts for the next five years till 2024. This predicts Senegal (8.3%), Rwanda (7.9%), Niger (7.3% ), Uganda (7.2%) and Mozambique (6.9%) as the five fastest growing over that period.

1578981776097.png


While these forecasts are promising, most economists and investors are paying more attention to how the reality of climate change will impact their economic prognostications.

Brookings highlights research which shows lowered crop yields, lower labor and agricultural productivity and damage to human health due to climate change will significantly decrease GDP in Africa. Global temperatures rising as much as 3°C by 2100 would have a disproportionate impact on Africa with aggregate GDP potentially dropping by as much as 8.6% after that year.

But on a more hopeful note Brookings analysts say there’s a $16 billion opportunity if African countries fully implement the African Continental Free Tree Agreement (AfCFTA). In the ideal scenario where there’s a 100% liberalization of tariffs across African member states under the agreement, the continent’s aggregate GDP would jump to $3 trillion by 2030 from $2.1 trillion today. In this scenario there would be a 33% increase in intra-African exports and 1.2% increase in employment.

One less optimistic economic highlight from the last few years has been growing concern about Africa’s rising debt and this continues into 2020. Most of the worry has been about eurobond debt with African countries issuing some $26 billion in eurobonds in 2019 more or less equivalent to 2018. Or, put another way, Africa issued more eurobonds in 2018 and 2019 that it did in all the years combined from 2003 to 2016.

While African eurobonds have been great for international investors seeking higher yields away from US treasuries, “the scale of issuance keeps prompting questions about default even though it amounted to just 1% of Africa’s 2019 GDP ($2.4 billion),” writes Charles Robertson of Renaissance Capital.

But of course, Africa is not a country and there will be trouble spots if care is not taken.

Source: Quartz Africa
 

Eyce

JF-Expert Member
Joined
Mar 16, 2016
Messages
2,013
Points
2,000

Eyce

JF-Expert Member
Joined Mar 16, 2016
2,013 2,000
,, I will never believe statistics that I have not doctored myself “ !
Do you even have the muscles to produce such a quality work !!!!...

Unadhani kufanya accurate projections za uchumi wa nchi ni sawa na kutetea vyama vya siasa ??...

Kwanza hakuna jipya, washatoa warning mara nyingi kuhusu kushuka kwa uchumi na ni watu wasiojua basic economics watapinga kuwa uchumi wetu ulikuwa unakua katika decreasing rates.

Japo kuwa below 6% growth ni zaidi ya dissapointment
 

mlimangulu

Member
Joined
Oct 20, 2019
Messages
35
Points
125

mlimangulu

Member
Joined Oct 20, 2019
35 125
Serikali INA kitu cha kufanya ili kuhakikisha kwamba inakuza uchumi wa nchi cha ajabu serikali yetu imeajiri vilaza serikalini na watu wenye ajili wako nje ya Utumishi wa umma,vsiasa pia zinatuharibia nchi yetu mambo ya uccm na uchadema yanaisababisha nchi kutopanga mipango madhubuti ya uchumi wetu na jinsi ya kuitekeleza mipango hiyo.
 

Kambaku

JF-Expert Member
Joined
Nov 12, 2011
Messages
2,867
Points
2,000

Kambaku

JF-Expert Member
Joined Nov 12, 2011
2,867 2,000
IMF kigezo.kikuu Cha kwanza wanachokitumia kupima uchumi.kukua ni kukopa pesa Mara nyingi kwao na kuzilipa kwa Wakati .Ukiwa mkopaji mzuri unayekopa Sana na kulipa Sana watakwambia uchumi wako Unakua kwa spidi ya mwewe
Umeangalia deni lako lilivyoumuka sasa hivi? Ingekuwa kukopa ndio kigezo, tungeshika namba 0 nyuma ya namba moja.
 

The Elephant

JF-Expert Member
Joined
Dec 18, 2014
Messages
3,728
Points
2,000

The Elephant

JF-Expert Member
Joined Dec 18, 2014
3,728 2,000
Watu wanafikiri zile bilioni za wahujumu uchumi zinakuza uchumi

Watu wanafikiri hela zinazopelekwa hazina na taasisi, mashirika na makupuni ambayo serikali ina hisa ndo kukua kwa uchumi

Kuna wanosahahu kwamba hela unapotoa kwenye mizunguko ya kila siku huwezi kuwa na uchumi unaokua

Kuna principles za uchumi usipofuata uchumi utasikia kwa wengine tu
 

Bill

JF-Expert Member
Joined
Oct 5, 2007
Messages
5,455
Points
2,000

Bill

JF-Expert Member
Joined Oct 5, 2007
5,455 2,000
Kkukopa Mara kwa Mara Sio kukopa Mara moja moja .Hizo nchi hawajambo kukopa Mara nyingi na kurudisha.
Hakuna ukweli wowote hapo, unajua ni nini madhara ya ukuaji wa uchumi mdogo?
1. Hamkopesheki
2. Mnakopa kwa riba kubwa

Sasa najiuliza, makusanyo yanakua, miundo mbinu inaendelea kuongezeka kama vile umeme, usafiri, afya na maji.

Sasa iweje, GDP yetu izidi kudorora. Kuna jambo hapa wala sio masihara, hawa mabeberu wana lao jambo
 

Forum statistics

Threads 1,379,788
Members 525,565
Posts 33,756,625
Top