TAG: Africa
Like many of its African peers, Djibouti has recorded robust economic growth in recent years, with its GDP expanding by 6.7% in 2017. This positive performance is largely a result of initiatives in line with Djibouti Vision 2035, the national development plan aimed at transforming the country into a middle-income economy, as well as a regional transport and logistics hub. In our inaugural Oxford Business Group Business Barometer: Djibouti CEO Survey, 68% of the 40 C-level executives surveyed believe Djibouti Vision 2035 will be successful or very successful in achieving its goals.
Like many of its African peers, Djibouti’s economy has performed positively in recent years, with GDP growing by 6.7% in 2017.
The most recent economic results in Morocco show a deceleration from last year. The north African country grew by 2.4% in the second quarter of 2018, down from 4.5% in the same period last year, according to the High Commission for Planning. The agriculture sector has been cited as the main reason for the decline; its output slowed from just over 18% last year to around 3%.