Tag: African Economic Outlook
According to the African Development Bank’s revised African Economic Outlook, though the continent is expected to rebound next year; it could lose a quarter of a trillion dollars in economic output for the rest of this year and 2021. Nnenna Nwabufo, Acting Director-General of East Africa Regional Office at the AfDB joins CNBC Africa for more.
“Italy has given the rest of the world a tragic glimpse of what a lockdown needs to look, especially for countries that blink and fail to take action fast,” writes former Director of Communication and External Relations at the African Development Bank Group, Dr. Victor Oladokun.
The African Development Bank launched its African Economic Outlook for 2019 in Abidjan, and it estimates that average real GDP growth for the continent is expected at 4 per cent this year. The AfDB also stated that growth on the continent was 3.5 per cent in 2018 and is projected to reach 4.1 by 2020. Andrew Nevin, Partner and Chief Economist at PWC Nigeria joins CNBC Africa to share his thoughts on the AFDB’s projections.
African Development Bank's economic outlook shows decline in regional economies.
By: AfDB The African Development Bank is launching the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018 at its headquarters in Abidjan. As a...