Development

Seychelles growth output for 2018 remains positive, IMF

“Macroeconomic performance has been robust in 2017. The external current account deficit is estimated to have narrowed, supported by strong tourism arrivals. Reflecting this, economic growth for 2017 is projected to reach around 4 percent. With the economy performing well, the primary fiscal surplus is expected to reach 2.5 percent of GDP this year in line with the authorities’ target.”

Benin recognizes need to prioritize public expenditures to Forster inclusive growth

“In 2016, Benin’s economy weathered negative spillovers stemming from a difficult external environment and grew by 4 percent with an acceleration expected in 2017. Economic growth was driven by strong agricultural production, an increase in public investment, and a buoyant tertiary sector. Inflation remained negative in 2016 and through end-August 2017 but is forecasted to average 0.6 percent in 2017.”