Posted . Global growth is projected to rise modestly from 3% in 2016 to just over 3½ per cent by 2018 in our latest Economic Outlook. The mood in the global economy has brightened during the past year, with confidence indicators and industrial production increasing, and investment and trade picking up from low levels. Growth is broad-based, including among major commodity producers. More...
20 septembre 2017
Global Economic Outlook: Better, but not good enough
Solving Non-Performing Loans in Europe to speed up the recovery
Posted . Almost 10 years after the outset of the financial crisis in summer 2008, European growth remains modest, constantly underperforming the OECD average. Several factors explain this disappointing performance. The pace of fiscal consolidation was rapid in the countries most affected by the crisis while structural reforms were not sufficiently pursued in other countries. More...
Enhancing financial stability amid slowing growth in China
Posted . Growth in China has been slowing gradually, but GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future. More...
Management and industrialisation in Africa
The manufacturing sector has traditionally been seen as an engine for development due to its high propensity for productivity gains. Worryingly, recent evidence suggests that this has not been the case in Africa. More...
Biases in entrepreneurship and industrial policy in Africa
Africa has failed to industrialise. At the same time, millions of young people are seeking jobs. Put one-and-one together and the answer seems to be that if these labour market entrants become entrepreneurs in industry then they can in one stroke create jobs and help Africa industrialise. More...
Excessive informal sector: a drag on productivity
The informal economy remains a problem when we discuss the prospects of economic development. It is perceived as a hindrance to economic progress because the informal sector does not pay taxes, does not include its employees in social insurance schemes and does little to offer labour law protections. More...
Electricity for all in Africa: Possible?
Twenty-five of the 54 countries in Africa, including Nigeria, South Africa, Ghana and Senegal, deal with frequent power crises characterised by outages, irregular supply and surging electricity costs. These are symptoms of insufficient generation capacity and a lack of infrastructure. More...
Strengthening Regional Agricultural Integration in West Africa
Soaring and volatile international food prices since 2007-08 have forced West African governments and their development partners to translate their long-standing rhetoric about support for West African agriculture into concrete programmes. More...
Where to start with the SDGs?
The upside to the 17 Sustainable Development Goals (SDGs), signed off at a UN Leaders’ Summit in September 2015, was their inclusiveness. An Open Working Group of 30 nations worked for two and a half years to develop the Goals, meeting 13 times, sometimes for a week, and organising countless national and thematic consultations, stakeholder forums, and on-line and door-to-door surveys. More...
Infrastructure, jobs, good governance: Bringing Africans’ priorities to the G20 table
Beyond the limelight and the headlines, the recent Group of 20 (G20) summit accomplished an important piece of business by launching the Compact with Africa. The next step is crucial: negotiating the priorities that the compact will address. More...
