Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 145 pages
File Size : 44,8 Mb
Release : 2008-04-14
Category : Business & Economics
ISBN : 9781589067110
Regional Economic Outlook, April 2008, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf
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 61⁄2 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 81⁄2 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.