Africa's Pulse, October 2014

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...

Full description

Bibliographic Details
Main Authors:	Punam, Chuhan-Pole, Ferreira, Francisco H.G.
Other Authors:	Christaensen, Luc
Format:	Publication
Language:	en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	Macroeconomics and economic growth Poverty reduction Regional economic development Rural poverty Shared growth Structural transformation
Online Access:	http://hdl.handle.net/10986/20870

id	okr-10986-20870
recordtype	oai_dc
spelling	okr-10986-208702021-04-23T14:03:59Z Africa's Pulse, October 2014 Punam, Chuhan-Pole Ferreira, Francisco H.G. Christaensen, Luc Kambou, Gerard Angwafo, Manka Galindo Pardo, Camila Korman, Vijdan Popova, Anna Buitano, Mapi Beegle, Kathleen Calderon, Cesar Goyal, Aparajita Suarez Moran, Eugenia Verbeek, Jos Macroeconomics and economic growth Poverty reduction Regional economic development Rural poverty Shared growth Structural transformation 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. 2014-12-22T16:36:57Z 2014-12-22T16:36:57Z 2014-10 978-1-4648-0468-7 http://hdl.handle.net/10986/20870 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Group, Washington, DC Publications & Research :: Publication Africa 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	Macroeconomics and economic growth Poverty reduction Regional economic development Rural poverty Shared growth Structural transformation
spellingShingle	Macroeconomics and economic growth Poverty reduction Regional economic development Rural poverty Shared growth Structural transformation Punam, Chuhan-Pole Ferreira, Francisco H.G. Africa's Pulse, October 2014
geographic_facet	Africa 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	Christaensen, Luc
author_facet	Christaensen, Luc Punam, Chuhan-Pole Ferreira, Francisco H.G.
format	Publications & Research :: Publication
author	Punam, Chuhan-Pole Ferreira, Francisco H.G.
author_sort	Punam, Chuhan-Pole
title	Africa's Pulse, October 2014
title_short	Africa's Pulse, October 2014
title_full	Africa's Pulse, October 2014
title_fullStr	Africa's Pulse, October 2014
title_full_unstemmed	Africa's Pulse, October 2014
title_sort	africa's pulse, october 2014
publisher	World Bank Group, Washington, DC
publishDate	2014
url	http://hdl.handle.net/10986/20870
_version_	1764447174636077056

Africa's Pulse, October 2014

Similar Items