Regional Economic Outlook for Sub Saharan Africa - October 2022
Africa 'Living on the Edge' – IMF Assesses Economies Under Stress
That the latest International Monetary Fund regional survey on Sub-Saharan Africa released on October 14, 2022 offers a stark assessment of the current economic outlook is clear from the title: "Living on the Edge." Modest recovery that began in 2021 "has been abruptly interrupted", the survey says. "The near-term outlook is extremely uncertain", and policymakers "face the most challenging environment in years."
The current economic challenges are shared across the globe, as is clear from the other regional surveys released as government ministers and bankers gathered in Washington D.C. for the latest of the twice-yearly meetings convened by the Fund and the World Bank.
To explore what policies the IMF is recommending to address these challenges, AllAfrica's Reed Kramer spoke with Catherine Pattillo, deputy director of the IMF Africa Department.
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Africa: Africa is 'Living on the Edge' – The IMF Assesses Economies Under Stress
allAfrica, 14 October 2022
That the latest International Monetary Fund regional survey on Sub-Saharan Africa released today offers a stark assessment of the current economic outlook is clear from the title:… Read more »
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Africa: Global Crises Plunge Millions Into Acute Food Insecurity
allAfrica, 14 October 2022
The coronavirus pandemic and Russia's war in Ukraine have helped to drive at least 112 million people - more than one in every 10 Africans - into acute food insecurity, the… Read more »
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Africa: Opening Remarks at Press Briefing on the Regional Economic Outlook
IMF, 14 October 2022
The introduction by Abebe Aemro Selassie, Director of the IMF African Department, at the launch of the Fund's Africa Regional Economic Outlook for October 2022: Read more »
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Africa: Economic Turmoil Brings Uncertainity to Continent
IMF, 14 October 2022
Sub-Saharan Africa is projected to grow by 3.6 percent in 2022 – more than one percentage point slower than 2021 mainly due to a worldwide slowdown, tighter financial… Read more »
Documents
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14 October 2022
Living on the Edge - IMF Regional Economic Survey for Sub Saharan Africa
- Publisher:
- International Monetary Fund
- Publication Date:
Sub-Saharan Africa's recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But ... see more »
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Africa: How African Trade Has Been Transformed By the Pandemic Shocks and the Ukrainian Crisis
The Exchange, 11 October 2022
The pandemic effects and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African… Read more »
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Africa: Exploring Africa's Ongoing Currency Crisis and Possible Solutions
The Exchange, 26 September 2022
African currencies are plummeting, with increased import prices exacerbating economic and inflationary pressures. Various causes have played a role in brewing the currency crisis… Read more »
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Africa: Africa Struggles With Neo-Colonialism
IPS, 13 September 2022
After a quarter century of economic stagnation, African economic recovery early in the 21st century was under great pressure even before the pandemic, due to new trade… Read more »
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Africa: Is a Global Recession Inevitable?
Reporter, 27 August 2022
Just as the world economy appeared to be recovering from the impact of the COVID-19 pandemic, headline GDP growth has decelerated sharply or turned negative in several leading… Read more »
InFocus
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A World Bank report has confirmed that economic activity will decline by 3,3% in 2020. Covid-19 threatens to push up to 40 million people into extreme poverty in Africa, eroding ... Read more »
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War in Ukraine is the latest in a series of economic shocks that leave African governments with little room to maneuver, the IMF says in the latest Read more »
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The International Monetary Fund has predicted that the global economy will contract by 3% in 2020, making the "great lockdown the worst recession since the Great Depression, and ... Read more »
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The conditions of nearly 90% of the International Monetary Fund's pandemic-related loans are forcing developing nations suffering some of the world's worst humanitarian crises to ... Read more »
