Regional Economic Outlook, May 2013, Sub-Saharan Africa: Building Momentum in a Multi-Speed World
Volume/Issue:
Volume 2013
Issue 003
Publication date: May 2013
ISBN: 9781484365151
$20.00
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Topics covered in this book
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Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , REO , exchange rate , CFA franc , fiscal year , Zimbabwe dollar , U , S , dollar value , developments in U , S , dollars , current account , debt relief , Sovereign bonds , Exchange rates , International bonds , Sub-Saharan Africa , Africa , Global , East Africa , Southern Africa , fuel price deregulation , foreign currency , debt level , subsidy reform need , U , S , dollar , fuel subsidy reform , IMF staff calculation , Bonds , Debt sustainability
Summary
Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 5½ percent in 2013¬14, reflecting a gradually strengthening global economy and robust domestic demand. Investment in export-oriented sectors remains an important economic driver, and an agriculture rebound in drought-affected areas will also help growth. Uncertainties in the global economy are the main risk to the region’s outlook, but plausible adverse shocks would likely not have a large effect on the region’s overall performance.
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