Showing posts with label sub-Saharan Africa. Show all posts
Showing posts with label sub-Saharan Africa. Show all posts

Wednesday, October 19, 2011

IMF Sees Strong Growth In Africa, But Global Economy Poses Risks

JOHANNESBURG -(Dow Jones)- Sub-Saharan Africa will grow by 5% on average this year and 5.75% in 2012, though fallout from global financial volatility poses serious risks for the region's most developed economies, the International Monetary Fund said Wednesday.

"The main threat to economic activity in the region is the strong possibility that global growth will decelerate further," the IMF wrote in its regional economic outlook for sub-Saharan Africa.