Regional Economic Outlook, October 2018, Sub-Saharan Africa: Capital Flows and The Future of Work

Author: International Monetary Fund. African Dept.

The macroeconomic outlook for sub-Saharan Africa continues to strengthen with higher growth.

Volume/Issue: Volume 2018 Issue 005

Publication date: October 2018

ISBN: 9781484375396

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Topics covered in this book

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Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , REO , Sub-Saharan Africa , exchange rate , country , Zimbabwe dollar , country group composite , low-income country , countries in fragile situation , country abbreviation , Emerging and frontier financial markets , Capital flows , Foreign direct investment , Africa , Global , West Africa , Southern Africa , productivity gain , sub-Saharan Africa sovereign , sub-Saharan Africa's export , flows to sub-Saharan Africa , asset flow , advanced economy , sub-Saharan Africa country , sub-Saharan Africa's convergence , IMF staff calculation , Caribbean , Middle East , Digital economy

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Summary

The macroeconomic outlook for sub-Saharan Africa continues to strengthen. Growth is expected to increase from 2.7 percent in 2017 to 3.1 percent in 2018, reflecting domestic policy adjustments and a supportive external environment, including continued steady growth in the global economy, higher commodity prices, and accommodative external financing conditions. Inflation is abating; and fiscal imbalances are being contained in many countries. Over the medium term, and on current policies, growth is expected to accelerate to about 4 percent, too low to create the number of jobs needed to absorb anticipated new entrants into labor markets.