1、African Economic Outlook 2019 Macroeconomic performance and prospects Jobs, growth, and fi rm dynamism Integration for Africas economic prosperity African Economic Outlook 2019 The opinions expressed and arguments employed herein do not necessarily reflect the official views of the African Developme
2、nt Bank, its Boards of Directors, or the countries they represent. This document, as well as any data and maps included, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries, and to the name of any territory, city, or
3、 area. ISBN 978-9938-882-87-2 (print) ISBN 978-9938-882-87-2 (electronic) Cover design by the African Development Bank based on images from S African Development Bank 2019 You may copy, download, or print this material for your own use, and you may include excerpts from this publication in your own
4、documents, presentations, blogs, websites, and teaching materials, as long as the African Development Bank is suitably acknowledged as the source and copyright owner. iii The state of the continent is good. Africas general economic performance continues to improve, with gross domestic product growth
5、 reaching an estimated 3.5 percent in 2018, about the same as in 2017 and up 1.4 percent- age points from the 2.1 percent in 2016. Looking forward, African economic growth is projected to accelerate to 4 percent in 2019 and 4.1 percent in 2020. While higher than that of other emerging and developing
6、 countries, it remains insufficient to address the structural chal- lenges of persistent current and fiscal deficits and debt vulnerability. The challenge is thus twofold: to raise the current growth path and to increase the efficiency of growth in generating employment. The 2019 African Economic Ou