Sub-Saharan Africa’s continued sustained growth

From p.86 IMF World economic outlook 2012

From p.86 IMF World economic outlook 2012

Sub-Saharan Africa is expected to continue growing strongly in the near term, with regional differences in prospects reflecting in part economies’ varying exposure to external shocks (Figure 2.16). As elsewhere, external risks remain elevated. Policymakers in the region should use the window provided by strong growth to rebuild budgetary space and normalize monetary conditions to be better prepared for downside risks.  Economic activity in sub-Saharan Africa (SSA) has  expanded by more than 5 percent in each of the past  three years—continuing a decade-long run of strong  performance that was only briefly interrupted by the  global downturn in 2009 (Figure 2.17, panels 1 and  2). Most SSA economies are participating in this solid expansion …IMF World Economic outlook October 2012 Chapter 2 page 84

This is what the IMF is saying about Africa. Please find a copy of the entire report HERE.

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