Regional economic outlook: Sub-Saharan Africa, building momentum in a multi-speed world

International Monetary Fund,IMF Staff

Regional economic outlook: Sub-Saharan Africa, building momentum in a multi-speed world
Format
Paperback
Publisher
International Monetary Fund (IMF)
Country
United Kingdom
Published
7 May 2013
Pages
115
ISBN
9781484365151

Regional economic outlook: Sub-Saharan Africa, building momentum in a multi-speed world

International Monetary Fund,IMF Staff

Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 51/2 percent in 2013–14, reflecting a gradually strengthening global economy and robust domestic demand. Investment in export-oriented sectors remains an important economic driver, and an agriculture rebound in drought-affected areas will also help growth. Uncertainties in the global economy are the main risk to the region’s outlook, but plausible adverse shocks would likely not have a large effect on the region’s overall performance

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