n Farmer’s Weekly - Better economic prospects ahead for sub-Saharan Africa : by invitation

Volume 2016, Issue 16024
  • ISSN : 0041-848X



Over the past four years, a prolonged commodity price slump, structurally lower growth in China, and a lethargic European economy have joined forces to lower the GDP growth trajectory in sub-Saharan Africa (SSA). Recently, the prospect of a stricter monetary policy in the US has also served to subdue global growth prospects, although the International Monetary Fund (IMF) expects global growth to rise marginally to 3,2% in 2016 (up from an estimated 3,1% in 2015). The latest IMF global growth forecasts paint a gloomy picture for SSA in 2016, with only 3% GDP growth expected, but a substantial recovery is expected next year. The IMF expects real economic growth for SSA to return to the 5% level in 2018.

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