European Parliament Library

Regional Economic Outlook, April 2010, Sub-Saharan Africa :, Back to High Growth?

Abstract
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, compared with previous global downturns, owes 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 sub-Saharan Africa countries experiencing a slowdown in 2009 increasing government spending to buttress economic activity. However, progress toward the Millennium Development Goals receded. 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. Looking ahead, fiscal policies in sub-Saharan Africa generally need to be refocused toward medium-term objectives, macroeconomic policy buffers rebuilt, and financial systems strengthened
Table Of Contents
Cover; Contents; Abbreviations; Preface; Main Findings; 1. Back to High Growth?; Introduction and Summary; Figures; 1.1. Sub-Saharan Africa and World: GDP Growth; 1.2. Sub-Saharan Africa: GDP Growth by Country, 2009; A Differentiated Picture in 2009; Tables; 1.1. Sub-Saharan Africa: Change in Key Indicators Between 2004-08 and 2009; 1.3. Sub-Saharan Africa: GDP Growth Deceleration in 2009 vs. Export Ratios; 1.4. Sub-Saharan Africa: GDP Growth in 2004-08 and 2009 by Country Groups; 1.5. Sub-Saharan Africa: Contributions to GDP Growth
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (108 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282848405

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