Sub-Saharan Africa
2010
April 23, 2010
Regional Economic Outlook: Sub-Saharan Africa, April 2010 -- Table of Contents
Description: The economic slowdown in sub-Saharan Africa looks set to be mercifully brief. Recovery is now under way across the region. The region’s relative resilience during this global recession, compared with previous global downturns, owes much to the health of its economies and the strengthening of policy frameworks in the run-up to the crisis. Countercyclical macroeconomic policies played an important role, with nearly two-thirds of those sub-Saharan Africa countries that experienced a slowdown in 2009 increasing government spending to buttress economic activity. However, progress toward the Millennium Development Goals receded. Middle-income and oil-exporting countries were hit hardest by the collapse in world trade and commodity markets; the region’s low-income countries escaped fairly lightly. Looking ahead, fiscal policies in sub-Saharan Africa generally need to be refocused toward medium-term objectives, macroeconomic policy buffers rebuilt, and financial systems strengthened. Published biannually in May and October.
2009
April 24, 2009
Regional Economic Outlook: Sub-Saharan Africa, April 2009 -- Table of Contents
Description: The global financial crisis has worsened significantly the economic outlook for sub-Saharan Africa. Demand for African exports and commodity export prices have fallen, and remittance flows may be weakening. Tighter global credit and investor risk aversion have led to a reversal of portfolio inflows, less favorable conditions for trade finance, and could lower foreign direct investment. As a result, growth has started to slow markedly and fiscal and balance of payments pressures are mounting. Risks remain high and the prospects for recovery remain uncertain. Financial systems in the region have so far been resilient to the global crisis, but the economic slowdown is likely to increase credit risk and nonperforming loans and weaken financial institutions’ balance sheets. Sub-Saharan African countries should seek to contain the adverse impact of the crisis on economic growth and poverty, while preserving important hard-won gains of recent years, including macroeconomic stability and debt sustainability.
2008
October 10, 2008
Regional Economic Outlook: Sub-Saharan Africa, October 2008 -- Table of Contents
Description: Sub-Saharan Africa's prospects have deteriorated somewhat and the risks have increased, according to the October 2008 Regional Economic Outlook: Sub-Saharan Africa. Growth in the region is projected to dip to 6 percent in 2008 and 2009. The fall is due mainly to the global food and fuel price shock, which has weighed particularly on growth in oil-importing countries, and to the global financial market turmoil, which has slowed global growth and demand for Africa's exports. Inflation is expected to rise to 12 percent in 2008, mainly on account of the food and fuel price shock. As a result of rising prices, particularly of food, poverty may well be on the increase in 2008. In 2009, inflation should ease to 10 percent, helped by recent commodity price declines. There are significant risks to the outlook related to a potentially deeper and longer period of global financial turmoil and resulting slowdown in global activity, and substantial uncertainty concerning commodity prices.
April 12, 2008
Regional Economic Outlook: Sub-Saharan Africa, April 2008 -- Table of Contents
Description: The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 6½ percent in 2008 with oil exporters leading the way; meanwhile, growth in oil importers is expected to taper off, though only modestly. With food and energy prices still rising, inflation is projected to average about 8½ percent this year for countries in the region, setting aside Zimbabwe. Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.
2007
October 19, 2007
Regional Economic Outlook: Sub-Saharan Africa, October 2007 -- Table of Contents
Description: The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This would extend a period of very good performance. In recent years, sub-Saharan Africa has been experiencing its strongest growth and lowest inflation in over 30 years.
April 13, 2007
Regional Economic Outlook: Sub-Saharan Africa, April 2007 -- Table of Contents
Description: Sub-Saharan Africa's growth performance during the past three years has been the best in more than three decades, and higher oil revenues and increased debt relief have been used to make progress toward the Millennium Development Goals (MDGs). Despite spending pressures, most countries have managed to preserve macroeconomic stability with policies intended to support and sustain the region’s higher growth. This latest REO is complemented by analyses on the macroeconomic challenges for oil producers, changing trade patterns, including with China, and the development of government debt markets.
2006
September 15, 2006
IMF Sub-Saharan Africa Regional Economic Outlook, October 2004
September 15, 2006
Sub-Saharan Africa Regional Economic Outlook, September 2006 -- Table of Contents
Description: Prepared by the Policy Wing of the IMF African Department, and published twice a year in English and French, this report analyzes economic performance and short-term prospects of the 44 countries covered by the Department. Topics examined in recent volumes include responses to exogenous shocks, growth performance and growth-enhancing policies, the effectiveness of regional trade arrangements, macroeconomic implications of scaled-up aid, financial sector development, and fiscal decentralization. Detailed country data, grouped by oil-exporting and -importing countries and other analytical groupings as well as by subregion, are provided in a statistical appendix, and a list of relevant publications by the African Department is included.
July 19, 2006