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African Economic Outlook 2015

Regional Development and Spatial Inclusion

image of African Economic Outlook 2015

The African Economic Outlook 2015 analyses Africa’s growing role in the world economy and predicts the continent’s two-year prospects in crucial areas: macroeconomics, financing, trade policies and regional integration, human development, and governance. This 14th edition analyses regional development and spatial inclusion challenges faced by the continent. A section of one-page notes summarises recent economic growth, forecasts gross domestic product for 2015 and 2016, and highlights the main policy issues facing each of the 54 African countries. A statistical annex compares country-specific economic, social and political variables.

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Overview : Towards more inclusive, place-based development strategies in Africa

OECD Development Centre

Africa’s gross domestic product (GDP) growth is expected to strengthen to 4.5% in 2015 and 5% in 2016 after subdued expansion in 2013 (3.5%) and 2014 (3.9%). The 2014 growth was about one percentage point lower than predicted in last year’s African Economic Outlook, as the global economy remained weaker and some African countries saw severe domestic problems of various natures. But the world economy is improving and if the AEO 2015 predictions are right, Africa will soon be closing in on the impressive growth levels seen before the 2008/09 global economic crisis.

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