East Africa: Best Economic Performance of the Continent - African Development Bank's Economic Outlook 2018

Publisher:
AfDB
Publication Date:
9 March 2018
Tags:
East Africa, Economy, Business and Finance

According to Nnena Nwabufo, the Bank's Deputy Director General for the East Africa Region, the East African Economic Outlook highlights a number of policies that member countries must implement to transform their economies. East Africa, with thirteen countries, recorded the continent's best economic performance with a GDP growth rate of 5.9% in 2017 −a rate much higher than the growth recorded by the other regions of the continent, and above the continental average of 3.6%. The good performance of the East African sub region is stimulated by six countries: Ethiopia, Tanzania, Djibouti, Rwanda, Seychelles and Kenya. The outlook remains positive for 2018 and 2019, with growth expected to continue, reaching 5.9% in 2018 and 6.2% in 2019.


InFocus

AfDB's Economic Outlook 2018 Reports on Africa's Five Regions

As a leading African institution, the African Development Bank was the first to provide headline numbers on Africa's macroeconomic performance and outlook in 2018 by launching this ... Read more »

Follow AllAfrica

  • Become a Facebook fan
  • Follow AllAfrica on Twitter
  • Read AllAfrica on Newsstand
  • Read AllAfrica on Linkedin
  • Sign up for free newsletters
  • Subscribe to RSS feeds
Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.