Regional Economic Outlook, October 2008, Sub-Saharan Africa.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund.

Series:

Regional Economic Outlook; October 2008

Regional Economic Outlook

Language:

English

Subjects (All):

Economic development--Africa, Sub-Saharan.

Economic development.

Inflation (Finance)--Africa, Sub-Saharan.

Inflation (Finance).

Africa, Sub-Saharan--Economic conditions--1960-.

Africa, Sub-Saharan.

Africa, Sub-Saharan--Economic policy.

Physical Description:

1 online resource (98 p.)

Other Title:

Regional economic outlook : Sub-Saharan Africa October 2008

Sub-Saharan Africa Oct. 08

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

Sub-Saharan Africa's prospects have deteriorated somewhat and the risks have increased, according to this report. Growth in the region is projected to dip to 6 percent in 2008 and 2009. The fall is due mainly to the global food and fuel price shock, which has weighed particularly on growth in oil-importing countries, and to the global financial market turmoil, which has slowed global growth and demand for Africa's exports. Inflation is expected to rise to 12 percent in 2008, mainly on account of the food and fuel price shock. As a result of rising prices, particularly of food, poverty may well be on the increase in 2008. In 2009, inflation should ease to 10 percent, 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, and substantial uncertainty concerning commodity prices.

Contents:

Cover; Contents; Abbreviations; Main Messages; I. Overview; Recent Developments in the World Economy; Figures; 1.1. GDP Growth in Recipients of Sub-Saharan African Exports; 1.2. World Commodity Prices; Tables; 1.1. Sub-Saharan Africa: Selected Indicators, 2004-09; 1.3. Sub-Saharan Africa: Foreign Direct Investment; Domestic Developments; 1.2. Sub-Saharan Africa: Inflation and Monetary Policy Response, 2007-08; 1.4. Sub-Saharan Africa: Inflation in Selected Countries; 1.3. Sub-Saharan Africa: Non-Oil Primary Fiscal Deficits in Oil Exporters

1.5. Sub-Saharan Africa: Real Interest Rates in Selected CountriesMap; 1.1. Sub-Saharan Africa: Current Account Impact of 2008 Commodity Price Changes; 1.6. Sub-Saharan Africa: Real Effective Exchange Rates in Oil Exporters and Oil Importers; 1.7. Sub-Saharan Africa: Real Effective Exchange Rates in the CFA Franc Zone; Boxes; 1.1. Global Commodity Prices and Price Developments in EAC Countries; Policy Challenges and Responses to Date; 1.2. Policy Responses in Liberia and Cameroon; 1.3. Targeting of Policies to Protect the Poor from Rising Commodity Prices: The Case of Senegal

1.4. How Should Monetary Policy Respond to the Food and Price Shock?Outlook for 2009 and Risks; 1.8. Sub-Saharan Africa: GDP Growth; 1.9. Sub-Saharan Africa: Inflation; 1.5. Expanding Agricultural Production in Sub-Saharan Africa; 1.10. Sub-Saharan Africa: External Current Account Balances; 1.11. Sub-Saharan Africa: Growth Prospects; II. The Great Sub-Saharan African Growth Takeoff: Lessons and Prospects; Overview; The Post-1995 Growth Takeoff; 2.1. Sub-Saharan Africa: Diverging, but Not Necessarily Decoupled, from World Growth; 2.2. International Comparisons: GDP per Capita

2.3. Sub-Saharan Africa: GDP per Capita Growth, Five-Year Averages2.4. Frequency of Growth Up-Breaks in Sub-Saharan Africa; Learning from African Success Stories; 2.1. Sub-Saharan Africa: Income Growth and Demographic Characteristics, 1995-2007; 2.5. Sub-Saharan Africa: Real GDP per Capita Growth; 2.1. Identifying High- and Low-Growth Countries; 2.2. Lessons from Recent Growth Studies; 2.3. Productivity in Sub-Saharan Africa: Changes since the Mid-1990s; 2.6. Number of Conflicts in Sub-Saharan Africa, 1989-2005; 2.7. Sub-Saharan Africa: GDP per Capita Growth Post-Conflict

2.4. Mozambique: Sustaining Growth after Stabilization2.8. Terms of Trade Shocks; 2.9. Foreign Direct Investment; 2.10. Aid to Sub-Saharan Africa; 2.11. Aid and Growth in Sub-Saharan Africa; 2.12. Macroeconomic Indicators; 2.5. Tanzania's Growth Experience; 2.13. Measuring Overvaluation: Exchange Rate Overvaluation; 2.14. Openness and Trade Policy; 2.15. Exports of Goods and Services as a Percentage of GDP; 2.16. Sub-Saharan Africa: Network Industries and Domestic Financial Liberalization; 2.6. Growth and Structural Transformation in Uganda

2.17. CPIA Structural Policies and Constraints on Chief Executive

Notes:

Description based upon print version of record.

Includes bibliographical references (p. 80-81).

Description based on print version record.

ISBN:

9786613846976

9781455264001

1455264008

9781451988543

1451988540

9781283534529

1283534525

9781451946031

1451946031