Overview

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

Full Product Details

9781513514055

Table of Contents

Reviews

Author Information

The International Monetary Fund (IMF) is an international organization of 185 Member Countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries in order to help ease balance of payments adjustments.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available