Regional Economic Outlook, October 2007, Sub-Saharan African

October 15, 2007

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Summary

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This would extend a period of very good performance. In recent years, sub-Saharan Africa has been experiencing its strongest growth and lowest inflation in over 30 years.

Subject: Commodities, Conventional peg, Exchange rate arrangements, Expenditure, Fiscal policy, Fiscal space, Floating exchange rates, International trade, Medium-term budget frameworks, Oil, Oil exports, Public financial management (PFM), Terms of trade

Keywords: Africa, current account, Dem. rep., development expenditure, expenditure program, Fiscal space, Global, Medium-term budget frameworks, nonfuel commodity price, Oil, oil exporter, Oil exports, REO, Sub-Saharan Africa, Terms of trade, terms of trade shock, West Africa

Pages:
82
Volume:
2007
DOI:
https://doi.org/10.5089/9781589066700.086
Issue:
007
Series:
Regional Economic Outlook
Stock No:
REOAFREA2007002
ISBN:
9781589066700
ISSN:
2707-8086

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Notes

Also available in French.

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Sub-Saharan Africa