Regional Economic Outlook, October 2019, Sub-Saharan Africa

Regional Economic Outlook, October 18, 2019

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Regional Economic Outlook, October 2019, Sub-Saharan Africa

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Bibliographic details

• Published: October 18, 2019
• Series: Regional Economic Outlook
• DOI: https://doi.org/10.5089/9781513514055.086

Overview

• Growth in sub-Saharan Africa is expected to pick up, though at a slower pace than previously expected.
• The revision reflects:
  • a more challenging external environment,
  • continued output disruptions in oil-exporting countries,
  • weaker-than-anticipated growth in South Africa.
• The central policy challenge: boost growth to create jobs for the growing labor force while protecting against debt vulnerabilities and risks from a difficult global environment.

Growth outlook and risks

• Expected pickup in growth, but slower than prior forecasts.
• Key downside factors identified:
  • Challenging external environment (unspecified in the source).
  • Output disruptions in oil-exporting countries.
  • Weaker growth performance in South Africa.
• Policy implication: need to balance growth-promoting measures with safeguards against rising debt vulnerabilities amid global risks.

Policy challenges and priorities

• Priority 1: Boost growth to create jobs for the growing labor force.
• Priority 2: Protect against debt vulnerabilities.
• Priority 3: Manage risks stemming from a difficult global environment.