Regional Economic Outlook: Sub-Saharan Africa, October 2008 — Table of Contents

Sub-Saharan Africa, October 10, 2008

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The report finds that Sub-Saharan Africa's prospects "have deteriorated somewhat and the risks have increased."
The fall in growth is attributed mainly to:
- "the global food and fuel price shock," which has weighed particularly on growth in oil-importing countries.
- "the global financial market turmoil," which has slowed global growth and demand for Africa's exports.
Rising prices, particularly of food, imply that "poverty may well be on the increase in 2008."

Growth in the region is projected to dip to "6 percent in 2008 and 2009."
Inflation is expected to rise to "12 percent in 2008," mainly due to the food and fuel price shock.
Inflation is expected to ease to "10 percent" in 2009, "helped by recent commodity price declines."

There are "significant risks to the outlook" related to:
- "a potentially deeper and longer period of global financial turmoil and resulting slowdown in global activity,"
- "substantial uncertainty concerning commodity prices."

A video commentary is available: "Watch a video by Antoinette Sayeh about the outlook."
A press briefing was held: "Press Briefing on the Sub-Saharan Africa Regional Economic Outlook" on "October 10, 2008" (Webcast | Transcript).
A press release is noted: "IMF Outlook for Sub-Saharan Africa Highlights Impact of Global Financial Turmoil and Fuel and Food Price Shocks."
Readers are directed to manipulate, graph, and download data from this report using "IMF Data Mapper®."

Regional Economic Outlook: Sub-Saharan Africa, October 2008 — Table of Contents (web landing page).