Global output growth has been somewhat thwarted over the past few years due to lower global demand, particularly amongst advanced economies, averaging an estimated 3.25% per annum between FY2015/16 – affecting numerous countries across the world. Growth in emerging markets accounted for 70% of global growth during the same period.
As a high growth nation (HGN) Kenya continues to attract interest from foreign investors and institutions alike, in search of investment opportunities within emerging markets. Due to the significant structural and economic reforms that were implemented in the 2000’s, the East African nation has experienced consistent GDP growth over the past decade.
Economic growth globally continues to be subdued. Brexit and the Trump victory are the two main factors which continue to present uncertainties for many countries. According to the Seychelles 2017 Budget Speech, which was delivered by the Minister of Finance, the uncertainties in the international markets continuously reduce investor confidence.
The economy of Botswana is largely dependent on the regional economy, particularly the Southern African Customs Union (SACU), and global demand from the EU. The impact of the 2015 drought, uncertainties in the geopolitical environment, weak commodity prices and subdued global growth are some of the challenges that the Botswana 2017/18 budget proposals are responding to.
The Angolan government has made concerted efforts to diversify its economy following the 2014/15 oil crisis and the lasting effects of the 2008/09 global economic downturn. This, despite the decline in oil prices has resulting in decreased government revenue, lower gross national income and constrained government expenditure.