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Regional Economic Outlook, October 2008, Sub-Saharan Africa

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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (98 p.)
Specific Material Designation
Form Of Item

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