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CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Institutional and Governance Review.
- World Bank e-Library.
- Institutional and Governance Review
- Language:
- English
- Subjects (All):
- Business Environment.
- Debt Management.
- Empowerment.
- Environmental Policy.
- Fiscal Policy.
- Governance.
- Governance Indicators.
- Investment Climate.
- Local Government.
- Macroeconomics and Economic Growth.
- National Governance.
- Public Sector Development.
- Public Sector Management and Reform.
- Rule of Law.
- Trade Policy.
- Local Subjects:
- Business Environment.
- Debt Management.
- Empowerment.
- Environmental Policy.
- Fiscal Policy.
- Governance.
- Governance Indicators.
- Investment Climate.
- Local Government.
- Macroeconomics and Economic Growth.
- National Governance.
- Public Sector Development.
- Public Sector Management and Reform.
- Rule of Law.
- Trade Policy.
- Other Title:
- CPIA Africa, July 2018
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Favorable global economic conditions supported a turnaround in economic activity in Sub-Saharan Africa in 2017, easing pressure on weak policy frameworks. Output growth rebounded to an estimated 2.6 percent after decelerating to 1.5 percent in 2016 amid challenging external and domestic conditions. Notwithstanding the recent upturn in economic activity, growth remained well below its pre-financial crisis average of around 5 percent; moreover, per capita growth was negative for a second consecutive year. Important near and longer term vulnerabilities remain in many of the region's economies: eroded policy buffers constrain the scope for countries to formulate an adequate policy response to adverse shocks; public debt relative to gross domestic product (GDP) is rising, with implications for debt sustainability; employment opportunities severely lag the growing labor force, and livelihoods and economic fortunes are still tied to commodity price shocks and production disruptions, underscoring the limited economic diversification in the region; and poverty is widespread.
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