1.

Record Nr.

UNINA9910821268303321

Titolo

Regional Economic Outlook, April 2011, Sub-Saharan Africa : : Recovery and New Risks

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2011

ISBN

1-4552-7747-9

1-4552-3812-0

1-283-53812-1

9786613850577

1-4552-3310-2

Edizione

[1st ed.]

Descrizione fisica

1 online resource (123 p.)

Collana

Regional Economic Outlook

World economic and financial surveys

Soggetti

Economic forecasting - Africa, Sub-Saharan

Economic development - Africa, Sub-Saharan

Exports and Imports

Finance: General

Foreign Exchange

Inflation

Macroeconomics

International Investment

Long-term Capital Movements

Agriculture: Aggregate Supply and Demand Analysis

Prices

Energy: Demand and Supply

Trade: General

Price Level

Deflation

General Financial Markets: General (includes Measurement and Data)

International economics

Finance

Currency

Foreign exchange

Banking

Food prices

Capital inflows

Exports

Commodity prices



Balance of payments

International trade

Emerging and frontier financial markets

Financial markets

Capital movements

Kenya

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"Apr 11."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Contents; Abbreviations; Preface; Main Findings; 1. Recovery and New Risks; Introduction and Summary; Tables; 1.1. Sub-Saharan Africa: Macroeconomic Aggregates, 2004-12; How and Where Has Output Recovered from the Impact of the Crisis?; Figures; 1.1. Sub-Saharan Africa: Trends in Output among Low-Income and Oil-Exporting Countries; 1.2. Sub-Saharan Africa: Trends in Output among Middle-Income Countries; 1.3. Changes in Inflation and Policy Rates; 1.4. Sub-Saharan Africa: Broad Money and Private Sector Credit Growth, December 2005-September 2010

1.2. Sub-Saharan Africa: Contributions to Real GDP Growth, 2004-111.5. Nominal Effective Exchange Rate Change, January 2009 versus January 2011; Has Fiscal Policy Started to Pay Heed to the Recovery?; 1.6. Sub-Saharan Africa: External Account Indicators; 1.7. Sub-Saharan Africa: Total Revenue Excluding Grants, 2000-12; 1.8. Sub-Saharan Africa: Real Government Expenditure Growth, 2004-11; 1.9. Real Government Expenditure Growth, 2011; What Are the Implications of the Resurgence in Food and Fuel Prices?; 1.10. Sub-Saharan Africa: Overall Balance Excluding Grants, 2000-12

1.11. Sub-Saharan Africa: Change in Fiscal Balance and Net Present Value of Public Debt1.12. World Commodity Price Index; 1.13. Sub-Saharan Africa: Food Inflation Rates; 1.14. Sub-Saharan Africa: Food Inflation; 1.15. Relationship between Domestic and International Food Prices; 1.16. Trade Balance Effects of Commodity Price Changes in 2011; Policy Priorities Going Forward; 1.17. Sub-Saharan Africa: Real Policy Interest Rate; 1.18. Sub-Saharan Africa: Relationship between CPI Inflation and Food and Fuel Inflation Rates, 2000-10; Boxes

1.1 Why Has South Africa's Recovery from the Recession Been Subdued?1.2. How Unique Is Sub-Saharan Africa's Growth Surge of the Last Decade?; 1.3. An Adverse Oil Shock Scenario; 2. Capital Inflows to Frontier Markets in Sub-Saharan Africa; Introduction and Summary; 2.1. What Are Frontier Markets?; The Nature and Volume of Flows to Sub-Saharan African Frontier Markets in a Global Context; 2.1. Private vs. Official Financing to Sub-Saharan African Countries; 2.2. Net Private Capital Flows to Emerging and Developing Economies; 2.3. Net Private Capital Flows to Sub-Saharan African Countries

2.4. Net Portfolio Investment in Emerging and Developing Economies 2.5. Sub-Saharan Africa Frontier Markets: Portfolio Investments; 2.6. Portfolio Investment Net; 2.7. Average Stock of Portfolio Investment Liabilities; Other Private Flows to Frontier Markets; 2.8. Stock of Portfolio Investment Liabilities; 2.9. Sub-Saharan Africa Frontier Markets: External Bond Issuance; 2.10. Other Frontier Markets: External



Bond Issuance; How Different Is the Recent Experience of Sub-Saharan Africa's Frontier Markets?; 2.11. Morgan Stanley Capital International (MSCI) Indices

2.12. Country Stock Market Indices

Sommario/riassunto

Sub-Saharan Africa's economic recovery is well under way, although among country groups there is variation in the speed of the recovery. In most of the region's low-income countries and among the seven oil exporters growth is almost back to precrisis levels. However, in the region's middle-income countries, including South Africa, the recovery has been more gradual. This Regional Economic Outlook describes the impact of recent economic developments---sharp increases in food and fuel prices will need fiscal interventions targeting the poor, while higher oil prices will be a boon to some countries and adversely affect others. Policy adjustments are needed to move away from the supportive stance of the last few years but should be balanced against the need to alleviate the impact of rising food prices on poor households.