Publication:
Madagascar Economic Update, October 2019: A New Start?

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dc.contributor.authorWorld Bank
dc.date.accessioned2019-11-05T14:37:10Z
dc.date.available2019-11-05T14:37:10Z
dc.date.issued2019-10
dc.description.abstractThe successful conclusion of the Presidential election in January 2019 represents a historic window of opportunity for Madagascar to break cycles of political instability that abruptly interrupted its development in the past and to leapfrog its economic and social revitalization. Following a prolonged period of economic stagnation, growth accelerated over the last five years to reach 5.1 percent in 2018, its fastest pace in over a decade. The return to constitutional order in 2014 was instrumental to this economic revival, as it contributed to restore investor confidence, re-open access to key export markets, reinstate flows of concessional financing, and encourage structural reforms. Growth continued apace in 2019, although moderating slightly to an estimated 4.7 percent, amid weakening external demand and a slow execution of public spending following the presidential and parliamentary elections. A post-election rebound in public and private investments is expected to result in growth averaging 5.4 percent in 2020-21. This Economic Update suggests however that the country remains vulnerable to shocks. International risks include the possible intensification of the trade war between main trading partners, or the rise in international oil prices in a context of geopolitical tensions. The risk of natural disasters or of a sharp drop in the price of vanilla also need due consideration. The government must take advantage of the successful political transition to accelerate growth-enhancing reforms and develop the necessary fiscal buffers to support priority investments and be ready to face unexpected circumstances.en
dc.identifierhttp://documents.worldbank.org/curated/en/535501571854255186/Madagascar-Economic-Update-A-New-Start
dc.identifier.doi10.1596/32636
dc.identifier.urihttps://hdl.handle.net/10986/32636
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectPOVERTY
dc.subjectTRADE
dc.subjectMONETARY POLICY
dc.subjectFISCAL TRENDS
dc.subjectECONOMIC OUTLOOK
dc.subjectPUBLIC FINANCE
dc.subjectRISKS
dc.subjectCOMPETITION
dc.titleMadagascar Economic Update, October 2019en
dc.titleMise a Jour Economique de Madagascarfr
dc.title.subtitleA New Start?en
dc.title.subtitleUn Nouveau Depart?fr
dspace.entity.typePublication
okr.crossref.titleMadagascar Economic Update, October 2019
okr.date.disclosure2019-10-25
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/535501571854255186/Madagascar-Economic-Update-A-New-Start
okr.guid473491571854392505
okr.guid535501571854255186
okr.identifier.doi10.1596/32636
okr.identifier.externaldocumentum090224b08724677a_2_0
okr.identifier.internaldocumentum31501539
okr.identifier.report142979
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/535501571854255186/pdf/Madagascar-Economic-Update-A-New-Start.pdfen
okr.region.administrativeAfrica
okr.region.countryMadagascar
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Inequality
okr.unitAFREC - External Communications (AFREC)
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