Ghana’s statistics agency will release revised economic growth figures for the past four years, following a plan to re-calculate the way gross domestic product is valued in the nation (Bloomberg, 07-Oct-2010). International Monetary Fund representative Wayne Mitchell stated the data may mean the economy, which will grow by 5.9% in 2010 with GDP of USD17.95 billion according to an estimate made using the current base, is “40 to 50% bigger than previously thought”. The revised figures will be released before the finance ministry announces its budget for 2011 (mid Nov-2010).
Ghana's economic growth may be under-estimated by 50%
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Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.
Africa's struggles continue as economies weaken and competition intensifies
Africa remains a region with huge untapped potential – as it has for many years. The long term outlook for growth is always bright, particularly if the Yamoussoukro Decision were to be implemented, bringing long overdue liberalisation.