## Regional Economic Outlook: Sub-Saharan Africa, April 2010 -- Table of Contents _Sub-Saharan Africa, April 23, 2010_ ## Source details **Canonical URL:** [Regional Economic Outlook: Sub-Saharan Africa, April 2010 -- Table of Contents](https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa6) ## Other formats - [Markdown version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa6/index.md) - [Structured JSON version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa6/index.json) - [Bundle manifest](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa6/bundle-manifest.json) ## Bibliographic details - Published: April 23, 2010 - Series: Sub-Saharan Africa --- ### Executive summary and outlook - The economic slowdown in sub-Saharan Africa "looks set to be mercifully brief." - "Recovery is now under way across the region." - The region's relative resilience during this global recession owed much to: - the health of its economies, and - the strengthening of policy frameworks in the run-up to the crisis. - "Countercyclical macroeconomic policies played an important role, with nearly two-thirds of those sub-Saharan Africa countries that experienced a slowdown in 2009 increasing government spending to buttress economic activity." - However, "progress toward the Millennium Development Goals receded." - Impact by country group: - "Middle-income and oil-exporting countries were hit hardest by the collapse in world trade and commodity markets." - "The region’s low-income countries escaped fairly lightly." - Forward-looking policy priorities: - "Fiscal policies in sub-Saharan Africa generally need to be refocused toward medium-term objectives." - "Macroeconomic policy buffers [need to be] rebuilt." - "Financial systems [need to be] strengthened." - Publication cadence: "Published biannually in May and October." ### Press and dissemination - Multimedia and outreach items listed on the landing page: - "Watch a video by Antoinette Sayeh about the Outlook" - "Press Briefing: Sub-Saharan Africa Regional Economic Outlook April 23, 2010 Webcast | Transcript" - "Press Release: IMF Outlook for Sub-Saharan Africa Is Optimistic about Growth Prospects" - "Manipulate, graph, and download data from this report using IMF Data Mapper®" - "Sub-Saharan Africa Typology of Countries" - "Other Regional Economic Outlooks" - "World Economic Outlook, April 2010" - "Email notification sign-up" ### Major report structure (chapters and themes) - Preface; Abbreviations; Main Findings - Chapter 1: "Back to High Growth?" - Sections: Introduction and Summary; A Differentiated Picture in 2009; The Turning Point; 2010 and Beyond; Policy Implications; Minimizing Financial Shocks - Chapter 2: "How Countercyclical and Pro-Poor Has Fiscal Policy Been during the Downturn?" - Sections: Has Fiscal Policy Been Countercyclical?; How Did Public Investment and Social Spending Fare during the Crisis? - Chapter 3: "Private External Financing Flows and the Global Financial Crisis" - Sections: International Financial Integration and Developing Countries; The Pattern of Private Financing Flows during the Crisis; Policies to Manage Capital Inflows—Avoiding Hard Landings; Policies to Attract Private Capital Flows; Statistical Appendix; References - Supplementary material: - "Publications of the IMF African Department, 2009–2010" - Boxes, Tables, and Figures enumerating empirical evidence and country/region breakdowns ### Boxes (selected thematic interventions) - 2.1. "Characterizing Fiscal Policy Responses—A Simplified Approach" - 2.2. "Fiscal Policy Implementation in Africa" - 2.3. "Social Protection and Promotion Programs in Sub-Saharan Africa" - 3.1. "South Africa, Africa’s Largest Capital Market" - 3.2. "The Emergence of Sub-Saharan African Stock Markets" - 3.3. "Official Aid during the Global Economic Crisis" - 3.4. "Consistent Winners and Losers in the Competition for Investment Inflows" - 3.5. "Attracting and Reaping the Benefits of FDI in Sub-Saharan Africa" ### Key tables and metrics (inventory highlights) - Tables comparing periods and fiscal outcomes: - "Sub-Saharan Africa: Change in Key Indicators Between 2004–08 and 2009" - "Sub-Saharan Africa: 2009 Budget Plans vs. 2003–07 Average" - "Sub-Saharan Africa: Median Real Primary Spending Growth, Budget Plans, 2008–2009 vs. 2003–07 Average" - "Sub-Saharan Africa: 2009 Budget Outturns vs. 2003–07 Average" - "Sub-Saharan Africa: Median Capital and Health and Education Expenditure, 2003–09" - "Sub-Saharan Africa: Gross Financial Inflows, 2002–09" - "Sub-Saharan Africa: Average Correlation between Gross Private and Official Inflows over the 2002–09 Cycle" ### Figures and visual evidence (selected) - Regional and country-level growth, fiscal, and external accounts: - "Sub-Saharan Africa and World: GDP Growth" - "Sub-Saharan Africa: GDP Growth by Country, 2009" - "Sub-Saharan Africa: GDP Growth Deceleration in 2009 vs. Export Ratios" - "Sub-Saharan Africa: GDP Growth in 2004–08 and 2009 by Country Groups" - "Sub-Saharan Africa: Contributions to GDP Growth" - "Sub-Saharan Africa: Current Account Balance by Country Groups" - "Sub-Saharan Africa: Fiscal Balance by Country Groups" - "Sub-Saharan Africa: Real Effective Exchange Rates by Country Groups" - "Sub-Saharan Africa: High-Frequency Macroeconomic Indicators" - "Sub-Saharan Africa: Sharing in World Recovery" - "World: Contributions to GDP Growth" - "Sub-Saharan Africa: Exports by Destination" - "Sub-Saharan Africa and World: Change in Private Investment-to-GDP Ratios between 2003–07 and 2009" - "Sub-Saharan Africa: Primary Balance vs. Debt-Stabilizing Primary Balance, 2007, 2009, and 2011" - "Sub-Saharan Africa: GDP Growth, 2004–08 vs. 2010–12" - "Sub-Saharan Africa: Projections Made in Spring 2008, 2009, and 2010" - "Sub-Saharan Africa: IMF Lending Commitments, 2007–09" - "Sub-Saharan Africa: Projected Growth Gaps" ### Data and empirical appendices - Statistical and empirical appendices cover: - Volume and composition of private financial flows to emerging and developing countries - The private financing cycle in Sub-Saharan Africa - Elasticities of gross private inflows during the expansion of 2002–07 - Composition and concentration of private financial flows (including Excluding South Africa) - International sovereign bond issuance by Sub-Saharan Africa, 2000–09 - Sovereign ratings and indicators of access to international capital markets - Terms of trade and financial shocks for oil and non-oil exporters - Remittance flows, 2008–09 - Exchange market pressure and selected macroeconomic policy indicators - Postcrisis GDP growth deceleration and selected policy indicators during the precrisis capital inflow period --- ## Content in this bundle - [Sreo0410fpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2010/afr/_sreo0410fpdf.pdf){rel="external" type="application/pdf"} - [Sreo0410f (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2010/afr/sreo0410f.pdf){rel="external" type="application/pdf"} - [Sreo0410mmpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2010/afr/eng/_sreo0410mmpdf.pdf){rel="external" type="application/pdf"} - [Sreo0410pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2010/afr/eng/_sreo0410pdf.pdf){rel="external" type="application/pdf"} --- ## References - [http://www.imf.org/external/mmedia/view.asp?eventID=1811](http://www.imf.org/external/mmedia/view.asp?eventID=1811) - [Watch a video by Antoinette Sayeh about the Outlook](https://www.imf.org/external/mmedia/view.asp?eventid=1811) - [Webcast](https://www.imf.org/external/mmedia/view.asp?eventID=1776) - [Transcript](https://www.imf.org/external/np/tr/2010/tr042310.htm) - [Press Release:](http://www.imf.org/external/np/sec/pr/2010/pr10164.htm) - [IMF Data Mapper®](http://www.imf.org/external/datamapper/index.php?db=AFRREO) - [Typology of Countries](http://www.imf.org/external/datamapper/afrreoreg.htm) - [Regional Economic Outlooks](http://www.imf.org/external/pubs/ft/reo/reorepts.aspx) - [World Economic Outlook](http://www.imf.org/external/pubs/ft/weo/2010/01/index.htm) - [Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=23561.0) - [Disclaimer](https://www.imf.org/external/terms.htm) - [Adobe Acrobat Reader](https://www.imf.org/adobe) - [https://www.imf.org/en/home](https://www.imf.org/en/home) _Source: https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa6_