Low-income Countries of Africa Set to Lead Growth

Zirra Banu May 24, 2011

The International Monetary Fund forecasts that 29 low-income countries in sub-Saharan Africa will lead growth in the continent.

Low-income Countries of Africa Set to Lead GrowthIn its most recent Regional Economic Outlook, which surveys financial and economic conditions, the IMF predicts that output in those 29 countries will increase by 6 percent this year. 
Inflation is projected to rise due to increases in food and fuel prices, yet growth will ensue.

The IMF also predicts good conditions for oil-exporting countries, as increases in fuel prices drive up oil revenue. However, the organization warns against political instability likely to ensue from upcoming elections in African countries.

Source: IMF African Department, IMF.org

Last Edited by: Updated: June 19, 2018


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