IMF Regional Economic Outlook: Sub-Saharan Africa

(CC) IMF

The International Monetary Fund (IMF) has just published its October 2010 Regional Economic Outlook for Sub-Saharan Africa. The report highlights the broad-based economic recovery that is now under way in sub-Saharan Africa. Growth of around 5 percent is projected in 2010 and 5.5 percent in 2011.

Domestic demand in the region in 2010 and 2011 is expected to remain strong on the basis of rising real incomes and sustained private and public investment. In addition, exports are expected to benefit from the increased orientation of trade towards fast-growing markets in Asia. Nevertheless, the global financial crisis has left high unemployment in its wake in some sub-Saharan countries.

The full text can be found on the IMF’s website.