Regional Economic Outlook, April 2012: Sub-Saharan Africa - Sustaining Growth amid Global Uncertainty

Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Regional Economic Outlook, April 2012: Sub-Saharan Africa - Sustaining Growth amid Global Uncertainty by International Monetary Fund. African Dept., INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. African Dept. ISBN: 9781475578553
Publisher: INTERNATIONAL MONETARY FUND Publication: May 14, 2012
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. African Dept.
ISBN: 9781475578553
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 14, 2012
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Sub-Saharan Africa continues to record strong economic growth, despite the weaker global economic environment. Regional output rose by 5 percent in 2011, with growth set to increase slightly in 2012, helped by still-strong commodity prices, new resource exploitation, and the improved domestic conditions that have underpinned several years of solid trend growth in the region's low-income countries. But there is variation in performance across the region, with output in middle-income countries tracking more closely the global slowdown and with some sub-regions adversely affected, at least temporarily, by drought. Threats to the outlook include the risk of intensified financial stresses in the euro area spilling over into a further slowing of the global economy and the possibility of an oil price surge triggered by rising geopolitical tensions.
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Sub-Saharan Africa continues to record strong economic growth, despite the weaker global economic environment. Regional output rose by 5 percent in 2011, with growth set to increase slightly in 2012, helped by still-strong commodity prices, new resource exploitation, and the improved domestic conditions that have underpinned several years of solid trend growth in the region's low-income countries. But there is variation in performance across the region, with output in middle-income countries tracking more closely the global slowdown and with some sub-regions adversely affected, at least temporarily, by drought. Threats to the outlook include the risk of intensified financial stresses in the euro area spilling over into a further slowing of the global economy and the possibility of an oil price surge triggered by rising geopolitical tensions.

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