South Sudan Economic Brief : April 2019
The economy is estimated to have contracted by 3.5 percent during FY2017-2018, but a modest recovery is projected for FY2018-2019. Coupled with economic mismanagement, many years of conflict have eroded the productive capacity of South Sudan. Confl...
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| Format: | Brief |
| Language: | English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/300191560955394963/South-Sudan-Economic-Brief http://hdl.handle.net/10986/37509 |
| Summary: | The economy is estimated to have
contracted by 3.5 percent during FY2017-2018, but a modest
recovery is projected for FY2018-2019. Coupled with economic
mismanagement, many years of conflict have eroded the
productive capacity of South Sudan. Conflict persists across
the country despite the peace agreement and is the major
driver of the economic collapse. Oil production is expected
to be the major driver of growth in the short and medium
term. South Sudan remains in debt distress and the external
position is weak, with depleted reserves estimated at less
than one week of import cover. If the peace agreement is
respected by all parties and conflict does not recur, the
economy is projected to grow by 1.8 percent during
FY2018-2019. However, a less positive outlook could emerge
if the peace agreement falters, with growth barely reaching
0.3 percent in the absence of progress in the non-oil sectors. |
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