Afin d’être prêts à affronter l’avenir, les pays doivent réaliser des investissements ciblant les premières années de la vie de leurs citoyens.
... See More + De solides données scientifiques et économiques indiquent que les expériences vécues durant la petite enfance ont un profond impact sur le développement du cerveau, et ont des repercussions sur l’apprentissage, la santé et la productivité à l’âge adulte.
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Economic growth has recovered in 2017, while non-agricultural activity remained subdued, reflecting an economy, which the production still depends on rain-fed agriculture.
... See More + Thanks to prudent fiscal policy, the fiscal deficit was reduced to 3.5 percent of GDP. Although, Morocco’scurrent account deficit declined, the trade deficit widened due to high energy prices. Job creation has improved, but unemployment remained high especially for the young. Over the medium term, the challenges include broadening the middle class and catalyzing the private sector.
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Tunisia has made important strides to advance its democratic transition, but the country remains fragile to economic, security and social shocks.
... See More + Growth has been too low to make a significant dent in unemployment, fiscal and current account deficits are elevated, inflation has risen and popular discontent about economic conditions is high, particularly among youth and in interior regions. The national unity government—a coalition of the main political parties, worker and trade unions—has adopted a consensus building reform approach.
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Growth is projected to decline to 6.5 percent in 2018, from an estimated 7 percent in 2017, given the low level of investments while the pickup in net exports remains slow.
... See More + Fiscal and external balances are expected to improve owing to reduced capital expenditure and imports. Elevated public debt and foreign investor uncertainty associated with the recent termination of DP World’s contract for Doraleh port are key risks. Meanwhile, more than a fifth of the population lives in extreme poverty and nearly 40 percent of the labor force unemployed.
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Economic growth in Sub-Saharan Africa is estimated to have picked up to 2.6 percent in 2017 from 1.5 percent in 2016. This upswing reflected, on the supply side, rising oil and metals production, encouraged by recovering commodity prices, and improving agricultural conditions following droughts.
... See More + On the demand side, growth was supported by a rebound in consumer spending as inflation moderated, and a recovery in fixed investment as economic activity picked up among oil and metals exporters.The special topic of this issue of Africa’s Pulse explores options for accelerating electrification in Sub-Saharan Africa, the role of innovation in facilitating such expansion, and the implications of achieving rapid electrification for inclusive economic growth and poverty reduction in the region. Countries’ national electrification plans typically have focused on the expansion of the national electricity grid using large-scale fossil fuel and hydroelectric generation facilities and, more recently, some grid-scale investments in solar and wind power generation; off-grid solutions have been limited.
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Working Paper (Numbered Series) 125329 APR 01, 2018
A slight decline in hydrocarbon production, which was not offset by higher than expected public spending, underpinned the growth slowdown in 2017.
... See More + Additionally, structural challenges constrain growth for the non-hydrocarbon sector and inflation continues to rise. Substantial twin deficits remain, depleting official reserves. In the medium term, both growth and the twin deficits are expected to decline, as the government implements fiscal consolidation. However, in the short term, the exclusive use of seignorage to finance the fiscal deficit will need careful management.
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