Africa Economy

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Egypt’s government is working to obtain support for a new economic reform package it has prepared to qualify for a $3.2bn loan from the International Monetary Fund (IMF), though it may be a difficult task to convince opposition leaders and the public to back the plan.
Un an après la Révolution du jasmin et les bouleversements politiques de 2011, l’économie tunisienne montre des signes de reprise. Selon les estimations du Fonds Monétaire International (FMI), le PIB tunisien enregistrerait cette année une croissance de 3,9%, tandis que la Banque Centrale de Tunisie table sur une progression pouvant atteindre jusqu’à 4,5%.
Malgré les troubles politiques qui ébranlent le monde arabe depuis début 2011, le Maroc a conclu l’année relativement indemne, sans avoir subi les protestations observées dans de nombreux autres pays de la région, et en affichant une croissance économique positive. Le maintien de la croissance des secteurs non agricoles, les politiques macroéconomiques saines et les réformes politiques en cours ont en effet permis au Maroc d’enregistrer l’an dernier l’un des taux de croissance les plus élevés de la région.
The New Year sees a very different Egypt from the one that welcomed the opening of 2011, being in the process of instituting multi-party democracy, while trying to reshape the national economy. However, many hurdles still have to be overcome to ensure social, economic and political stability.
Emphasising the government’s fiscal prudence, Nigerian President Goodluck Jonathan presented the 2012 federal budget to the National Assembly in mid-December, noting that although spending is expected to rise, the deficit is projected to fall.
Having posted mixed results in 2011, South Africa’s economy was buoyed by rising demand for commodities and solid growth at home, while continued high unemployment, concerns over the European debt crisis and a slowdown in many of the country’s main trading markets saw a pessimistic close to the year.

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