International Monetary Fund

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Regional economic outlook: Sub-Saharan Africa navigating uncertainty

World economic and financial surveys

Corporate Author:
International Monetary Fund

Growth in sub-Saharan Africa is projected to remain at 3.2 percent in 2019 and rise to 3.6 percent in 2020. Growth is forecast to be slower than previously envisaged for about two-thirds of the countries in the region. The downward revision reflects a more challenging external environment, continued output disruptions in oil-exporting countries, and weaker-than-anticipated growth in South Africa. Growth prospects vary considerably across countries in the region in 2019 and beyond. Growth is projected to remain strong in non-resource-intensive countries, averaging about 6 percent. As a result, 24 countries, home to about 500 million people, will see their per capita income rise faster than the rest of the world. In contrast, growth is expected to move in slow gear in resource-intensive countries (2 1/2 percent). Hence, 21 countries are projected to have per capita growth lower than the world average. Inflation is expected to ease going forward. While the average sub-Saharan African-wide debt burden is stabilising, elevated public debt vulnerabilities and low external buffers will continue to limit policy space in several countries

Extent x, 65p. ISBN 9781513514055
Size N/A Price £36.50
Format Paperback Published 30 May 2020
Availability Out of stock - available to order Delivery Delivery options and charges