Regional Economic Outlook, October 2007, Sub-Saharan African

Volume/Issue: Volume 2007 Issue 007
Publication date: October 2007
ISBN: 9781589066700
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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , REO , Dem , rep , , oil exporter , current account , development expenditure , nonfuel commodity price , terms of trade shock , expenditure program , Fiscal space , Terms of trade , Oil , Medium-term budget frameworks , Sub-Saharan Africa , Africa , Global , West Africa , Oil exports

Summary

The region's prospects look strong. Growth in sub-Saharan Africa should reach 6 percent in 2007 and 6¾ percent in 2008. The economic expansion is strongest in oil exporters but cuts across all country groups. This would extend a period of very good performance. In recent years, sub-Saharan Africa has been experiencing its strongest growth and lowest inflation in over 30 years.