Africa and Global Economic Trends Quarterly Review

19-Feb-2014

Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2013

Global trade growth picked up in 2013 relative to the latter half of 2012, helped by stronger final demand in the major advanced economies. However, key indicators do not point to further acceleration in the near term. Slower growth in the emerging economies is also restraining export growth from developing economies, especially major commodity producers and trading partners linked via global supply chains. Recent IMF outlooks project a gradual strengthening of trade growth to 4.5% in 2014, in conjunction with improving global output, which is expected to rise to 3.7% this year, up from 3.0%...
29-Nov-2013

Africa and Global Economic Trends Quarterly Review - Third Quarter 2013

A shift in the pattern of global growth has started to emerge. Whereas most advanced nations have seen a strengthening of their economic output since the start of the year, emerging economies have witnessed a gradual slowdown. This has prompted the IMF to reevaluate global growth prospects for 2013 and 2014 downward – to 2.9% and 3.6% respectively
28-Mar-2013

Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2012

Global growth decelerated in the second quarter of 2012 to its slowest rate since the end of 2009. In the U.S., GDP growth slowed to 0.4% in the second quarter while in Japan, the revised figure shows growth for the second quarter at a sluggish 0.2%. The downturn has been led by the continuing sovereign debt crisis in the eurozone, fiscal tightening in many countries, and the entrenching of austerity measures both in Europe and the U.S.
17-Oct-2012

Africa and Global Economic Trends Quarterly Review - Third Quarter 2012

Global growth decelerated in the second quarter of 2012 to its slowest rate since the end of 2009. In the U.S., GDP growth slowed to 0.4% in the second quarter while in Japan, the revised figure shows growth for the second quarter at a sluggish 0.2%. The downturn has been led by the continuing sovereign debt crisis in the eurozone, fiscal tightening in many countries, and the entrenching of austerity measures both in Europe and the U.S.
12-Jul-2012

Africa and Global Economic Trends Quarterly Review - Second Quarter 2012

Global industrial activity accelerated toward the end of 2011 and in early 2012, in response to sustained demand, particularly from emerging economies. However, the second quarter saw worsening financial indicators in both the eurozone and the wider global economy, which impacted consumer demand and industrial output growth. Rising unemployment and the continuation of the eurozone debt crisis continued to weigh on business confidence and dampen equity markets.
09-May-2012

Africa and Global Economic Trends Quarterly Review - First Quarter 2012

In response to weaker global demand, commodity prices generally declined during the second half of 2011. Positive signs in the US economy and improved risk perception, due to the second Greek financial bailout and ECB liquidity infusion to banks in the eurozone, pushed oil prices higher in February and March. Brent crude prices rose $5.3 per barrel during March amid global concerns over supply from Iran (postsanctions). The Brent-WTI (West Texas Intermediate) spread widened in February due to increased shale oil supplies in the US and absence of export infrastructure. The forecast is for oil...
18-Jan-2012

Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2011

The slowdown in the major developed economies, transmitted to the African economies mainly through trade linkages, is likely to dampen growth prospects across the continent. African economies are facing a sustained period of weak foreign demand, as illustrated by the sharp deceleration in the global merchandise trade volumes, which fell in October to around 5%, compared to 10% at the beginning of 2011. Merchandise imports continue to register a sub-trend pace in both advanced as well as emerging economies.
19-Oct-2011

Africa and Global Economic Trends Quarterly Review - Third Quarter 2011

Growth in industrialized countries, particularly the euro zone, recorded a further slowdown over the summer, as reflected by Economic Commission’s economic sentiment indicator (ESI). This index, which measures confidence in manufacturing, services, construction, retail, and households, witnessed a sharp fall since the start of the year. In September, it continued its downward trend, dropping by 3.4 points to 95.0 in the euro area. This decline resulted from a broad-based deterioration in sentiment across most sectors, with losses in confidence being particularly marked in services, retail...
21-Sep-2011

Africa and Global Economic Trends Quarterly Review - Second Quarter 2011

Industrial production has continued to expand in most major economies, despite some loss of momentum in recent months. In Japan, industrial output has declined significantly but is expected to rebound strongly in the next few months. By contrast, industrial output in the rest of the world is projected to moderate, reflecting modest spillover effects from Japan due to disruptions in the global supply chain and, more importantly, a looming loss of support from the inventory cycle.
06-Apr-2011

Africa and Global Economic Trends Quarterly Review - First Quarter 2011

The confirmation of a global economic recovery, supported by the release of encouraging economic statistics, helped to shore up commodity prices during recent months. The turmoil in the MENA (Middle East and North Africa) region also added an ongoing risk premium to crude oil prices. At the same time, rising food prices continue to be a major concern for inflationary trends in 2011.
30-Jan-2011

Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2010

World trade recovered sharply in the first half of 2010, building on the robust performance achieved in 2009. However, recent data indicate a deceleration in world trade volumes since mid-2010. In particular, imports by developed economies appear to have moderated, in conjunction with a slower growth in African export values.
11-Nov-2010

Africa and Global Economic Trends Quarterly Review - Second Quarter 2010

Highlights Most commodity prices experienced a sharp drop in May 2010, with crude oil prices falling by an average of 10% compared to April 2010
12-Oct-2010

Africa and Global Economic Trends Quarterly Review - Third Quarter 2010

African economies kept up the pace during the first half of 2010 and expectations for the second half remain positive on the whole. Nevertheless, recent data suggest that economic growth in the continent is moderating in line with the world economic trend
31-Mar-2010

Africa and Global Economic Trends Quarterly Review - First Quarter 2010