Regional-economic outlook Sub-Saharan Africa

This report provides an overview of Sub-Saharan Africa’s current economic situation, highlighting both progress made and the persistent challenges countries face in restoring macroeconomic stability after several years of economic shocks. It explains that while some improvement has occurred such as lower inflation in some countries, fiscal consolidation, and a return to international bond markets, many economies in the region still struggle with high debt levels, limited fiscal space, and low growth.

The report identifies three key hurdles for policymakers:

• Subdued and uneven economic growth, particularly among resource-dependant countries.
• Limited access to affordable financing, both domestically and externally.
• Socioeconomic pressures, including poverty, unemployment, high living costs, and weak governance, which make reform implementation difficult.

It emphasises the balancing act governments must perform: reducing macroeconomic vulnerabilities while still addressing development needs and maintaining social stability. The report concludes that inclusive and well-communicated reforms, protection for vulnerable groups, and stronger governance are essential for achieving sustainable and equitable growth in the region.

Abstract based on original source.