In much of Latin America and Asia and in low-income countries in sub-Saharan Africa, recovery has brought output back to precrisis peaks, and many economies have already moved into expansion territory.

Activity in these economies is being boosted by accommodative macroeconomic policies, rising exports and commodity prices, and—in several—capital inflows. Growth in sub-Saharan Africa is also projected to stay high, reflecting sustained strength in domestic demand and rising global demand for commodities.

Inflation pressure is forecast to broaden in some emerging and developing economies. This reflects mainly the behavior of food and energy prices and the fact that these components have a higher weight in the consumer price index in lower-income countries. Looking ahead, core inflation is projected to rise further as excess capacity is slowly worked off . Headline inflation will still moderate if commodity prices broadly stabilize as expected.

This page pulls together the IMF's work on low-income countries and includes links to key articlex, documents, and background information.