According to Ashley Bendell of Exotix, the IMF published its World Economic Outlook yesterday. It contains revised forecasts for the world economy and of course, Africa. See attached for selected countries.
Key highlights are sizeable upward revisions in GDP growth expected for this year for:
- Nigeria: now 7.0%, +2pp from October report (closer to our bullish 7.6% forecast)
- Mauritius: now 4.1%, +2.1pp
- Botswana: now 6.3%, +2.2pp
- Kenya’s 2010 forecast moved up to 4.1% from 4.0% (in October).
Inflation is generally falling or stable.
Download the full forecast report here…