Regional Economic Outlook: Sub-Saharan Africa (April 2008)

Business & Finance, Economics, International Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Regional Economic Outlook: Sub-Saharan Africa (April 2008) by International Monetary Fund. African Dept., INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund. African Dept. ISBN: 9781451996616
Publisher: INTERNATIONAL MONETARY FUND Publication: April 14, 2008
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund. African Dept.
ISBN: 9781451996616
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 14, 2008
Imprint: INTERNATIONAL MONETARY FUND
Language: English
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.
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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.

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