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Regional Economic Outlook 2019 - North Africa


The African Development Bank projects faster GDP growth in North Africa at 4.4 percent in 2019 and 4.3 percent in 2020. That will be higher than the African average, but lower than in East Africa, the best performing region. Growth is expected to be much stronger in Egypt and Mauritania, to improve somewhat in Morocco and Tunisia, but to slow in Algeria and Libya. Fiscal and current account deficits are expected to continue their steady decline, and exchange rates to stabilize, reducing inflation pressures. The long-term outlook for the region is strongly linked to greater regional stability and better security, including the resolution of the Libya crisis. Such conditions would pave the way for deeper structural reforms, which are required to trigger greater investment, higher productivity, and a more powerful structural transformation.

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