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International Monetary Fund. African Dept.

Abstract

This chapter was prepared by a team led by Papa N’Diaye, coordinated by Nkunde Mwase and composed of Seung Mo Choi, Jesus Gonzalez-Garcia, Cleary Haines, Andresa Lagerborg, Miguel Pereira Mendes, and Torsten Wezel.

International Monetary Fund. African Dept.

Abstract

This chapter was prepared by a team led by Siddharth Kothari and comprising Xiangming Fang, Lisa Kolovich, Cameron McLoughlin, Monique Newiak, Rasmane Ouedraogo, Brooke Tenison, Jiaxiong Yao, and Mustafa Yenice, under the supervision of Mahvash Qureshi and David Robinson.

International Monetary Fund. African Dept.

Abstract

This chapter was prepared by a team led by Geremia Palomba, coordinated by Reda Cherif and by Yunhui Zhao and comprising Russell Green, Salifou Issoufou, Tomas McGregor, Adrian Peralta-Alva, Amadou Sy, Bruno Versailles, and Jason Weiss. Research assistance was provided by Hilary Devine and Miguel Pereira Mendes.

International Monetary Fund. African Dept.

Abstract

The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018. This weaker outlook reflects domestic and external challenges. On the external side, the global expansion is losing momentum, including in China and the euro area, trade tensions remain elevated, global financial conditions have tightened, and commodity prices are expected to remain low. On the domestic front, security challenges, climate shocks, and policy uncertainty are hampering investment and weighing on economic prospects in several countries. Under current policies, medium-term average growth for the region is expected to continue to fall well short of what is needed to absorb the new entrants to the labor force and to deliver limited gains in living standards.