IV. Lessons and the Challenges Ahead
Author:
International Monetary Fund. African Dept.
Search for other papers by International Monetary Fund. African Dept. in
Current site
Google Scholar
Close

Abstract

The world economy in 2003 provided little support for economic growth in SSA countries. World economic growth increased, but it still remained sluggish in the advanced economies and declined in the euro area. The terms of trade were broadly unchanged, and key commodity prices remained depressed by historical standards, despite some rebound during the year. However, the external environment is projected to improve this year.

  • Collapse
  • Expand