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BOOK EXCERPT:
The sharp decline in oil and other commodity prices have adversely impacted sub-Saharan Africa. Nevertheless, the region is projected to register another year of solid economic performance. In South Africa, however, growth is expected to remain lackluster, while in Guinea, Liberia, and Sierra Leone the Ebola outbreak continues to exact a heavy economic and social toll. This report also considers how sub-Saharan Africa can harness the demographic dividend from an unprecedented increase in the working age population, as well as the strength of the region's integration into global value chains.
Product Details :
Genre |
: Social Science |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2015-04-28 |
File |
: 121 Pages |
ISBN-13 |
: 9781498329842 |
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BOOK EXCERPT:
Economic growth in sub-Saharan Africa as a whole has fallen to its lowest level in 15 years, though with large variation among countries in the region. The sharp decline in commodity prices has severely strained many of the largest economies, including oil exporters Angola and Nigeria, and other commodity exporters, such as Ghana, South Africa, and Zambia. At the same time, the decline in oil prices has helped other countries continue to show robust growth, including Kenya and Senegal. A strong policy response to the terms-of-trade shocks is critical and urgent in many countries. This report also examines sub-Saharan Africa’s vulnerability to commodity price shocks, and documents the substantial progress made in financial develop, especially financial services based on mobile technologies.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2016-05-03 |
File |
: 137 Pages |
ISBN-13 |
: 9781484309612 |
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BOOK EXCERPT:
Growth momentum in sub-Saharan Africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium. 2016 was a difficult year for many countries, with regional growth dipping to 1.4 percent—the lowest level of growth in more than two decades. Most oil exporters were in recession, and conditions in other resource-intensive countries remained difficult. Other nonresource-intensive countries however, continued to grow robustly. A modest recovery in growth of about 2.6 percent is expected in 2017, but this falls short of past trends and is too low to put sub-Saharan Africa back on a path of rising living standards. While sub-Saharan Africa remains a region with tremendous growth potential, the deterioration in the overall outlook partly reflects insufficient policy adjustment. In that context, and to reap this potential, strong and sound domestic policy measures are needed to restart the growth engine.
Product Details :
Genre |
: Business & Economics |
Author |
: Céline Allard |
Publisher |
: International Monetary Fund |
Release |
: 2017-05-09 |
File |
: 122 Pages |
ISBN-13 |
: 9781475574937 |
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BOOK EXCERPT:
Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, the aggregate picture is one of multispeed growth: while most of non-resource-intensive countries—half of the countries in the region—continue to perform well, as they benefit from lower oil prices, an improved business environment, and continued strong infrastructure investment, most commodity exporters are under severe economic strains. This is particularly the case for oil exporters whose near-term prospects have worsened significantly in recent months. Sub-Saharan Africa remains a region of immense economic potential, but policy adjustment in the hardest-hit countries needs to be enacted promptly to allow for a growth rebound.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2016-10-25 |
File |
: 140 Pages |
ISBN-13 |
: 9781475538274 |
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BOOK EXCERPT:
The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for specific countries. The reports include key data for countries in the region. Each report focuses on policy developments that have affected economic performance in the region, and discusses key challenges faced by policymakers. The near-term outlook, key risks, and their related policy challenges are analyzed throughout the reports, and current issues are explored, such as when and how to withdraw public interventions in financial systems globally while maintaining a still-fragile economic recovery.These indispensable surveys are the product of comprehensive intradepartmental reviews of economic developments that draw primarily on information the IMF staff gathers through consultation with member countries.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Release |
: 2014-04-24 |
File |
: 114 Pages |
ISBN-13 |
: 9781475517309 |
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BOOK EXCERPT:
Growth in sub-Saharan Africa has recovered relative to 2016, but the momentum is weak and per capita incomes are expected to barely increase. Further, vulnerabilities have risen in many countries, adding to the urgency of implementing the fiscal consolidations planned in most countries and with stepped up efforts to strengthen growth.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2017-11-27 |
File |
: 129 Pages |
ISBN-13 |
: 9781484312513 |
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BOOK EXCERPT:
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions. This October 2015 report discusses the fiscal and monetary policy adjustments necessary for these countries to adapt to the new environment. Chapter 2 looks at competitiveness in the region, analyzing the substantial trade integration that accompanied the recent period of high growth, and policy actions to nurture new sources of growth. Chapter 3 looks at the implications for the region of persistently high income and gender inequality and ways to reduce them.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Release |
: 2015-10-27 |
File |
: 134 Pages |
ISBN-13 |
: 9781513597331 |
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BOOK EXCERPT:
The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3.4 percent in 2018, from 2.8 percent in 2017, on the back of improved global growth, higher commodity prices, and continued strong public spending. About 3⁄4 of the countries in the region are predicted to experience faster growth. Beyond 2018, growth is expected to plateau below 4 percent, modestly above population growth, reflecting continued sluggishness in the oil-exporting countries and sustained growth in non-resource-intensive countries. A number of countries (Burundi, DRC, South Sudan, and parts of the Sahel) remain locked in internal conflict resulting in record levels of refugees and Internally Displaced Persons, with adverse spillovers to neighboring countries.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2018-05-08 |
File |
: 137 Pages |
ISBN-13 |
: 9781484339862 |
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BOOK EXCERPT:
The Asia-Pacific region continues to be the world leader in growth, and recent data point to a pickup in momentum. We expect the region to expand by 5.5 percent in 2017, up from 5.3 percent in 2016. Accommodative policies will underpin domestic demand, offsetting tighter global financial conditions. However, the risks to the outlook, on balance, are slanted to the downside. A possible shift toward protectionism in major trading partners could suppress Asia’s trade, while the continued tightening of global financial conditions and economic uncertainty could trigger capital flow volatility. A bumpier-than-expected transition in China would also have large negative spillovers to the region. Beyond the short term, many parts of Asia face secular headwinds from population aging and slow productivity growth. These challenges call for domestic policies that support growth while boosting resilience and inclusiveness. To sustain long-term growth, structural reforms are needed to deal with challenges from demographic transition and to boost productivity.
Product Details :
Genre |
: Business & Economics |
Author |
: Mr.Ranil M Salgado |
Publisher |
: International Monetary Fund |
Release |
: 2017-05-08 |
File |
: 120 Pages |
ISBN-13 |
: 9781475575071 |
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BOOK EXCERPT:
The macroeconomic outlook for sub-Saharan Africa continues to strengthen. Growth is expected to increase from 2.7 percent in 2017 to 3.1 percent in 2018, reflecting domestic policy adjustments and a supportive external environment, including continued steady growth in the global economy, higher commodity prices, and accommodative external financing conditions. Inflation is abating; and fiscal imbalances are being contained in many countries. Over the medium term, and on current policies, growth is expected to accelerate to about 4 percent, too low to create the number of jobs needed to absorb anticipated new entrants into labor markets.
Product Details :
Genre |
: Business & Economics |
Author |
: International Monetary Fund. African Dept. |
Publisher |
: International Monetary Fund |
Release |
: 2018-10-11 |
File |
: 69 Pages |
ISBN-13 |
: 9781484375396 |