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The Taplow Group – Global Business Report – March 2021
The Taplow Group S.A. with 21 partner firms has its presence across 6 continents. Our expert consultants not only bring a wealth of expertise in their respective countries but also internationally. We have put together this report to bring business leaders the global economic and business information.
AFRICA
Africa’s economic outlook continues to brighten. Its real GDP growth, is projected to accelerate to 3.9 percent in 2020 and to 4.1 percent in 2021. Leading the way are six economies among the world’s 10 fastest growers: Rwanda, Ethiopia, Côte d’Ivoire, Ghana, Tanzania, and Benin. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. And for the first time in a decade, investment accounted for more than half the continent’s growth, with private consumption accounting for less than one third.
Investment rate to sink to multi-year low: Govt
Gross fixed capital formation (GFCF), which reflects the investment demand in the country, will probably collapse by 14.5 per cent (at constant prices) in absence of any capital formation by corporates this year owing to uncertainty surrounding the coronavirus
Niti Kiran | January 9, 2021 | Updated 00:13 IST
The demand side disruptions due to the pandemic seem quite perceptible now as investment rate in the economy is pegged to touch multi-year low. As per CSO s first advance estimates, the ratio of gross fixed capital formation to GDP, at current prices, is expected to decline to 24.2 per cent for fiscal year 2021, the lowest since FY96. Moreover, these are likely to witness its sharpest fall of around 270 basis points over last year. Measured on constant prices, the investment-to-GDP ratio is expected to fall to a 16-year low of 27.6 per cent.