Africa > Uganda
Mr. Trevor Serge Coleridge Alleyne
and
Mr. Mumtaz Hussain
Mr. Trevor Serge Coleridge Alleyne
and
Mr. Mumtaz Hussain
International Monetary Fund
International Monetary Fund. African Dept.
Abstract
The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 6½ percent in 2008 with oil exporters leading the way; meanwhile, growth in oil importers is expected to taper off, though only modestly. With food and energy prices still rising, inflation is projected to average about 8½ percent this year for countries in the region, setting aside Zimbabwe. Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.