Thursday, August 25, 2016

IMF Evaluates Economy of Sub-Saharan Africa

The International Monetary Fund (IMF) published in April 2016 its "Regional Economic Outlook for Sub-Saharan Africa: Time for a Policy Reset."

It concludes that economic activity in sub-Saharan Africa (SSA) has weakened markedly, but, as usual, with a large variation in country circumstances. Growth for the region as a whole fell to 3 and one-half percent in 2015, the lowest level in 15 years, and is set to decelerate further in 2016 to 3 percent. The IMF believes that the medium-term growth prospects for SSA remain favorable. However, to realize this potential, a substantial policy reset is critical in many areas.

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