Regional Economic Outlook, Sub-Saharan Africa, October 2023
Regional Economic Outlook, Sub-Saharan Africa, October 2023

Author: International Monetary

Publisher: International Monetary Fund

Published: 2023-10-10

Total Pages: 30

ISBN-13:

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Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost-of-living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilization policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.

Regional Economic Outlook, October 2021, Sub-Saharan Africa
Regional Economic Outlook, October 2021, Sub-Saharan Africa

Author: INTERNATIONAL MONETARY FUND.

Publisher: International Monetary Fund

Published: 2021-10-21

Total Pages: 40

ISBN-13: 1513591932

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The world remains in the grip of the COVID-19 pandemic and a seemingly accelerating pace of climate change, both of which underscore the need for increased global cooperation and dialogue. Solutions to these global problems must involve all countries and all regions, especially sub-Saharan Africa, with the world’s least vaccinated population, most promising renewable energy potential, and critical ecosystems. Sub-Saharan Africa’s economy is set to expand by 3.7 percent in 2021 and 3.8 percent in 2022. This follows the sharp contraction in 2020 and is much welcome, but still represents the slowest recovery relative to other regions. In particular, the economic outlook points to divergences at three levels: between sub-Saharan Africa and other regions, within sub-Saharan Africa, and within countries. These divergences reflect the region’s slower vaccines rollout, more limited fiscal space, and regional disparities in resilience. The outlook remains extremely uncertain, and risks are tilted to the downside. In particular, the recovery depends on the path of the global pandemic and the regional vaccination effort, food price inflation, and is also vulnerable to disruptions in global activity and financial markets. Looking ahead, sub-Saharan Africa’s potential remains undiminished. The region is at a critical juncture to implement bold transformative reforms to capitalize on this potential.

Regional Economic Outlook: Sub-Saharan Africa
Regional Economic Outlook: Sub-Saharan Africa

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-10-14

Total Pages: 25

ISBN-13:

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Sub-Saharan Africa’s recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But growth in 2022 is expected to slow sharply by more than 1 percentage point to 3.6 percent, as a worldwide slowdown, tighter global financial conditions, and a dramatic pickup in global inflation spill into a region already wearied by an ongoing series of shocks. Rising food and energy prices are impacting the region’s most vulnerable, and public debt and inflation are at levels not seen in decades. Against this backdrop, and with limited options, many countries find themselves pushed closer to the edge. The near-term outlook is extremely uncertain as the region’s prospects are tied to developments in the global economy and with a number of countries facing difficult sociopolitical and security situations at home. Within this challenging environment, policymakers must confront immediate socioeconomic crises as they arise, while also endeavoring to reduce vulnerabilities to future shocks, building resilience. Ultimately, however, the region’s safety and prosperity will require high-quality growth and the implementation of policies that will set the stage for a sustainable recovery, helping countries move away from the edge.

Africa: Special Issue, October 2023
Africa: Special Issue, October 2023

Author: International Monetary

Publisher: International Monetary Fund

Published: 2023-10-10

Total Pages: 21

ISBN-13:

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On the occasion of the World Bank-IMF Annual Meetings’ return to the African continent after 50 years—specifically to Marrakech, Morocco—this Special Issue on Africa discusses economic developments for the entire continent. After four years of crises and at the close of another difficult year, recent events, including the devastating earthquake in Morocco, severe floods in Libya, and the impact of Cyclone Freddy in Malawi, have underscored the continent’s ongoing vulnerability to natural disasters and the need to build resilience. In the near term, there are tentative signs that the outlook in many countries in Africa is improving. Inflation is generally easing, economic activity is starting to pick up, and fiscal imbalances are gradually moderating. However, significant challenges remain, and it is too early to celebrate. For too many countries, inflation is still too high, debt vulnerabilities remain elevated, and medium-term growth rates are too low. Recent episodes of political instability also underscore the fragility of conflict-affected states. Against this background, Africa’s policymakers should prioritize efforts to boost resilience by ensuring macroeconomic stability and accel-erating structural reforms to foster stronger, more inclusive growth. The international community should maintain and enhance a cooperative approach to the provision of global public goods. In the case of Africa, it is essential to support the region’s most vulnerable climate- and conflict-affected states.

Regional Economic Outlook, April 2021, Sub-Saharan Africa
Regional Economic Outlook, April 2021, Sub-Saharan Africa

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-04-15

Total Pages: 38

ISBN-13: 151357597X

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Sub-Saharan Africa is still contending with an unprecedented health and economic crisis. In the months since the October 2020 Regional Economic Outlook: Sub-Saharan Africa, the region has confronted a second coronavirus (COVID-19) wave that swiftly outpaced the scale and speed of the first. While this episode has eased for now, many countries are bracing for further waves, particularly as access to vaccines remains scant.

Regional Economic Outlook, April 2012, Sub-Saharan Africa
Regional Economic Outlook, April 2012, Sub-Saharan Africa

Author: International Monetary Fund. African Dept.

Publisher: International Monetary Fund

Published: 2012-05-17

Total Pages: 137

ISBN-13: 1616352493

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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.

Regional Economic Outlook, October 2021, Sub-Saharan Africa
Regional Economic Outlook, October 2021, Sub-Saharan Africa

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-10-21

Total Pages: 37

ISBN-13: 151359270X

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新冠疫情持续不退,气候变化似在加速,这两个问题依然困扰着我们的世界,也突显了全球加强合作与对话的必要性。为解决这些全球性问题,所有国家和地区都必须参与进来,而撒哈拉以南非洲尤其如此。从全世界来看,该地区目前的疫苗接种率最低,但可再生能源的前景与潜力最大,且其拥有关键的生态系统。撒哈拉以南非洲的经济预计将在2021年增长3.7%,在2022年增长3.8%。相比2020年的大幅收缩,这将是显著的改善,但与其他地区相比,撒哈拉以南非洲的复苏步伐仍是最慢的。特别是,经济前景在三个层面上出现分化:撒哈拉以南非洲与其他地区之间出现分化,撒哈拉以南非洲内部出现分化,以及各国内部出现分化。这些分化趋势反映了以下几个因素,即该地区疫苗推广步伐更慢,财政空间更为有限,以及该地区各国在经济韧性上的差异。前景依然极不确定,风险偏向下行。特别是,该地区的复苏进程取决于全球疫情走势、地区疫苗接种工作进展、食品价格通胀等因素,同时也极易受到全球经济活动和金融市场扰动的影响。展望未来,撒哈拉以南非洲的发展潜力仍未被削弱。该地区正处在一个重要关头,应大刀阔斧地推动重大改革,充分利用其发展潜力。

Regional Economic Outlook, October 2014
Regional Economic Outlook, October 2014

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-10-20

Total Pages: 110

ISBN-13: 1498386458

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Growth in much of Sub-Saharan Africa is expected to remain strong, driven by efforts to invest in infrastructure and strong agricultural production. The current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. External threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth.

Regional Economic Outlook, October 2021, Sub-Saharan Africa
Regional Economic Outlook, October 2021, Sub-Saharan Africa

Author: International Monetary Fund. African Dept.

Publisher: International Monetary Fund

Published: 2021-10-21

Total Pages: 44

ISBN-13: 1513592610

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La planète reste aux prises avec la pandémie de COVID-19 et avec une accélération apparente des changements climatiques, qui toutes deux soulignent la nécessité de renforcer la coopération et le dialogue à l’échelle mondiale. Les solutions à ces défis mondiaux doivent mobiliser tous les pays et toutes les régions, surtout l’Afrique subsaharienne, qui possède la population la moins vaccinée au monde, un potentiel très prometteur en matière d’énergies renouvelables et des écosystèmes critiques. La croissance de l’Afrique subsaharienne devrait s’établir à 3,7 % en 2021 puis à 3,8 % en 2022. Cette reprise suit la forte contraction observée en 2020 et est la bienvenue, mais elle reste la plus lente parmi toutes les régions. En particulier, les perspectives économiques présentent des divergences à trois niveaux : entre l’Afrique subsaharienne et les autres régions, au sein de l’Afrique subsaharienne et au sein des pays d’Afrique subsaharienne. Ces divergences tiennent à des campagnes de vaccination plus lentes, à un espace budgétaire plus restreint et à des disparités régionales sur le plan de la résilience. Les perspectives demeurent extrêmement incertaines et risquent d’être révisées à la baisse. La reprise dépend notamment du rythme de la pandémie mondiale et de la campagne de vaccination dans la région, ainsi que de la hausse des prix des denrées alimentaires, et est aussi exposée aux perturbations de l’activité mondiale et des marchés financiers. Le potentiel de l’Afrique subsaharienne reste intact. La région se trouve à un moment critique pour opérer des réformes audacieuses et porteuses de transformations afin d’exploiter ce potentiel.