The region, with thirteen countries, recorded the continent\u2019s best economic performance with a GDP growth rate of 5.9% in 2017 \u2212a rate much higher than the growth recorded by the other regions of the continent, and above the continental average of 3.6%.<\/p>\n

The good performance of the East African sub-region was stimulated by six countries: Ethiopia, Tanzania, Djibouti, Rwanda, Seychelles and Kenya.<\/p>\n

The outlook remains positive for 2018 and 2019, with growth expected to continue, reaching 5.9% in 2018 and 6.2% in 2019.<\/p>\n

North Africa ended 2017 with a growth of 4.9% of real GDP, South Africa at 1.6%, West Africa at 0.5% and Central Africa at 0.9%, according to the report.<\/p>\n

The African Economic Outlook provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional member countries, as well as analysis on the state of socio-economic challenges and progress made in each country.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  East Africa recorded Africa’s best economic performance in 2017, according to the 2018 African Economic Outlook, a flagship publication of the African Development Bank (AfDB). The region, with thirteen countries, recorded the continent\u2019s best economic performance with a GDP growth rate of 5.9% in 2017 \u2212a rate much higher than the growth recorded by …<\/p>\n","protected":false},"author":16,"featured_media":8057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/Economy.png","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/10520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10520"}],"version-history":[{"count":2,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/10520\/revisions"}],"predecessor-version":[{"id":10523,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/10520\/revisions\/10523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/8057"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}