Regional Economic Outlook, October 2005, Sub-Saharan Africa, Supplement

Sub-Saharan Africa, November 10, 2005

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This paper presents the economic outlook for Sub-Saharan Africa for 2005.
Against a background of an easing of demand for imports in advanced countries, average real GDP growth is expected to decline slightly in 2005 from its strong performance in 2004.
The slowdown in 2005, however, is attributable primarily to lower growth in most of the oil-producing countries following the exceptional increases in oil production capacity established during 2003 and 2004, especially in Nigeria.
Non-oil-producing countries are expecting average growth of about 4.5 percent, similar to that observed in 2004.

Expected outcome for 2005: average real GDP growth will decline slightly from 2004.
Primary driver of slowdown: lower growth in most oil-producing countries after exceptional increases in oil production capacity in 2003 and 2004.
Notable country cited: Nigeria (especially affected by prior oil production capacity increases).
Non-oil-producing countries: expected average growth of about 4.5 percent, similar to 2004.

Subjects listed: Agricultural commodities, Commodities, Exports, Inflation, International trade, Oil, Oil prices, Prices.
Keywords: Africa, Agricultural commodities, consumer price increase, country, EU sugar reform, Exports, growth, importer, Inflation, Oil, oil importer, Oil prices, REO, Southern Africa, Sub-Saharan Africa, supply bottleneck, weaker-than-expected oil-supply growth, world inflation.

Regional Economic Outlook: Sub-Saharan Africa Supplement; October 2005
- Regional Economic Outlook: Sub-Saharan Africa Supplement; October 2005 (Markdown version)
- Regional Economic Outlook: Sub-Saharan Africa Supplement; October 2005 (PDF)