Sub-Saharan Africa

Regional Economic Outlook, April 2008, Sub-Saharan Africa

April 14, 2008

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Regional Economic Outlook, April 2008, Sub-Saharan Africa, (USA: International Monetary Fund, 2008) accessed November 8, 2024

Also available in: français

Summary

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 6½ 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 8½ 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.

Subject: Balance of payments, Capital flows, Capital inflows, Exchange rate arrangements, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Africa, Broad money, Capital flows, Capital inflows, CFA franc, Current account, Dem. rep., East Africa, Exchange rate arrangements, Exchange rates, Financial market development, Floating exchange rate, Food price inflation, Global, IMF country desk, Inflation, Inflation expectation, Inflation targeting, Managed float, Market volatility, Money target, Nominal GDP, Oil price, Power sector, Price, Price pressure, REO, Southern Africa, Sub-Saharan Africa, Terms of trade, Treasury bill market, WEO database

Publication Details

  • Pages:

    143

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Sub-Saharan Africa

  • Stock No:

    REOAFREA2008001

  • ISBN:

    9781589067110

  • ISSN:

    2071-3207

Notes

Full text also available in French.