Africa's Pulse, April 2015

Africa’s Pulse is a biannual publication containing an analysis of the near-term macro-economic outlook for the region. It also includes a section focusing on a topic that represents a particular development challenges for the continent. It is produced by the Office of the Chief Economist for the...

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Main Authors:	Chuhan-Pole, Punam, Ferreira, Francisco H.G., Calderon, Cesar, Christiaensen, Luc, Evans, David, Kambou, Gerard, Boreux, Sebastien, Korman, Vijdan, Kubota, Megumi, Buitano, Mapi
Format:	Serial
Language:	en_US
Published:	Washington, DC: World Bank 2015
Subjects:	Economic growth Macroeconomic analysis
Online Access:	http://hdl.handle.net/10986/21736

id	okr-10986-21736
recordtype	oai_dc
spelling	okr-10986-217362021-04-23T14:04:04Z Africa's Pulse, April 2015 Chuhan-Pole, Punam Ferreira, Francisco H.G. Calderon, Cesar Christiaensen, Luc Evans, David Kambou, Gerard Boreux, Sebastien Korman, Vijdan Kubota, Megumi Buitano, Mapi Chuhan-Pole, Punam Ferreira, Francisco H.G. Litwack, John Savescu, Cristina Tchana Tchana, Fulbert Economic growth Macroeconomic analysis Africa’s Pulse is a biannual publication containing an analysis of the near-term macro-economic outlook for the region. It also includes a section focusing on a topic that represents a particular development challenges for the continent. It is produced by the Office of the Chief Economist for the Africa Region.This issue is an analysis of issues shaping Africa's economic future. Growth remains stable in Sub-Saharan Africa. Some countries are seeing a slowdown, but the region's economic prospects remain broadly favorable. External risks of higher global financial market volatility and lower growth in emerging market economies weigh on the downside. In several Sub-Saharan African countries, large budgetary imbalances are a source of vulnerability to exogenous shocks and underscore the need for rebuilding fiscal buffers in these countries. The Ebola outbreak is exacting a heavy human and economic toll on affected countries and, if not rapidly contained, the risk of wider contagion grows. Without a scale-up of effective interventions, growth would slow markedly not only in the core countries (Guinea, Liberia, and Sierra Leone), but also in the sub region as transportation, cross-border trade, and supply chains are severely disrupted. In Sub-Saharan Africa, growth in agriculture and services is more effective at reducing poverty than growth in industry. Structural transformation has a role to play in accelerating poverty reduction in Sub-Saharan Africa. Increasing agricultural productivity will be critical to fostering structural transformation. Boosting rural income diversification can facilitate this transformation, as well. Investments in rural public goods and services (for example, education, health, rural roads, electricity and ICT), including in small towns, will be conducive to lifting productivity in the rural economy. Although Sub-Saharan Africa's pattern of growth has largely bypassed manufacturing, growing the region's manufacturing base, especially by improving its fundamentals, lower transport cost, cheaper and more reliable power, and a more educated labor force, will benefit all sectors. 2015-04-14T18:53:28Z 2015-04-14T18:53:28Z 2015-04 Serial 978-1-4648-0615-5 http://hdl.handle.net/10986/21736 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Africa Sub-Saharan Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Economic growth Macroeconomic analysis
spellingShingle	Economic growth Macroeconomic analysis Chuhan-Pole, Punam Ferreira, Francisco H.G. Calderon, Cesar Christiaensen, Luc Evans, David Kambou, Gerard Boreux, Sebastien Korman, Vijdan Kubota, Megumi Buitano, Mapi Africa's Pulse, April 2015
geographic_facet	Africa Sub-Saharan Africa
description	Africa’s Pulse is a biannual publication containing an analysis of the near-term macro-economic outlook for the region. It also includes a section focusing on a topic that represents a particular development challenges for the continent. It is produced by the Office of the Chief Economist for the Africa Region.This issue is an analysis of issues shaping Africa's economic future. Growth remains stable in Sub-Saharan Africa. Some countries are seeing a slowdown, but the region's economic prospects remain broadly favorable. External risks of higher global financial market volatility and lower growth in emerging market economies weigh on the downside. In several Sub-Saharan African countries, large budgetary imbalances are a source of vulnerability to exogenous shocks and underscore the need for rebuilding fiscal buffers in these countries. The Ebola outbreak is exacting a heavy human and economic toll on affected countries and, if not rapidly contained, the risk of wider contagion grows. Without a scale-up of effective interventions, growth would slow markedly not only in the core countries (Guinea, Liberia, and Sierra Leone), but also in the sub region as transportation, cross-border trade, and supply chains are severely disrupted. In Sub-Saharan Africa, growth in agriculture and services is more effective at reducing poverty than growth in industry. Structural transformation has a role to play in accelerating poverty reduction in Sub-Saharan Africa. Increasing agricultural productivity will be critical to fostering structural transformation. Boosting rural income diversification can facilitate this transformation, as well. Investments in rural public goods and services (for example, education, health, rural roads, electricity and ICT), including in small towns, will be conducive to lifting productivity in the rural economy. Although Sub-Saharan Africa's pattern of growth has largely bypassed manufacturing, growing the region's manufacturing base, especially by improving its fundamentals, lower transport cost, cheaper and more reliable power, and a more educated labor force, will benefit all sectors.
author2	Chuhan-Pole, Punam
author_facet	Chuhan-Pole, Punam Chuhan-Pole, Punam Ferreira, Francisco H.G. Calderon, Cesar Christiaensen, Luc Evans, David Kambou, Gerard Boreux, Sebastien Korman, Vijdan Kubota, Megumi Buitano, Mapi
format	Serial
author	Chuhan-Pole, Punam Ferreira, Francisco H.G. Calderon, Cesar Christiaensen, Luc Evans, David Kambou, Gerard Boreux, Sebastien Korman, Vijdan Kubota, Megumi Buitano, Mapi
author_sort	Chuhan-Pole, Punam
title	Africa's Pulse, April 2015
title_short	Africa's Pulse, April 2015
title_full	Africa's Pulse, April 2015
title_fullStr	Africa's Pulse, April 2015
title_full_unstemmed	Africa's Pulse, April 2015
title_sort	africa's pulse, april 2015
publisher	Washington, DC: World Bank
publishDate	2015
url	http://hdl.handle.net/10986/21736
_version_	1764449160817278976

Africa's Pulse, April 2015

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