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

November 10, 2005

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Regional Economic Outlook, October 2005, Sub-Saharan Africa, Supplement, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

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.

Subject: 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

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Sub-Saharan Africa
Stock No:

REOAEA2005002
ISBN:

9781589064881
ISSN:

2071-3207

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