African Economic Outlook 2016

(CC) Ninara / FlickrThe African Development Bank jointly with the OECD Development Centre and the United Nations Development Programme has published the “African Economic Outlook 2016: Sustainable Cities and Structural Transformation.”

The report presents the continent’s current state of affairs and forecasts its situation for the coming two years. The 2016 report examines Africa’s performance in crucial areas: macroeconomics, financing, trade policies and regional integration, human development, and governance.

For its 2016 edition, the report takes a hard look at urbanization and structural transformation in Africa and proposes practical steps to foster sustainable cities.

The continent remained the second fastest growing economic region after East Asia. According to the report’s forecast, the continent’s average growth is expected at 3.7% in 2016 and pick up to 4.5% in 2017.

Download the “African Economic Outlook 2016here.