Regional Economic Outlook, May 2013

REOAFREA2013001 Image
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Release Date: © May, 2013
ISBN : 978-1-48436-515-1
Stock #: REOAFREA2013001
Stock Status: Available

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Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 5½ percent in 2013¬14, reflecting a gradually strengthening global economy and robust domestic demand. Investment in export-oriented sectors remains an important economic driver, and an agriculture rebound in drought-affected areas will also help growth. Uncertainties in the global economy are the main risk to the region’s outlook, but plausible adverse shocks would likely not have a large effect on the region’s overall performance.

More publications in this series: Regional Economic Outlook