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Africa's Pulse, October 2014

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dc.contributor.authorPunam, Chuhan-Pole
dc.contributor.authorFerreira, Francisco H.G.
dc.contributor.otherChristaensen, Luc
dc.contributor.otherKambou, Gerard
dc.contributor.otherAngwafo, Manka
dc.contributor.otherGalindo Pardo, Camila
dc.contributor.otherKorman, Vijdan
dc.contributor.otherPopova, Anna
dc.contributor.otherBuitano, Mapi
dc.contributor.otherBeegle, Kathleen
dc.contributor.otherCalderon, Cesar
dc.contributor.otherGoyal, Aparajita
dc.contributor.otherSuarez Moran, Eugenia
dc.contributor.otherVerbeek, Jos
dc.date.accessioned2014-12-22T16:36:57Z
dc.date.available2014-12-22T16:36:57Z
dc.date.issued2014-10
dc.description.abstractAfrica’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.en
dc.identifier.doi10.1596/978-1-4648-0468-7
dc.identifier.isbn978-1-4648-0468-7
dc.identifier.urihttps://hdl.handle.net/10986/20870
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectMacroeconomics and economic growth
dc.subjectPoverty reduction
dc.subjectRegional economic development
dc.subjectRural poverty
dc.subjectShared growth
dc.subjectStructural transformation
dc.titleAfrica's Pulse, October 2014en
dspace.entity.typePublication
okr.date.disclosure2014-12-22
okr.doctypePublications & Research::Publication
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.identifier.doi10.1596/978-1-4648-0468-7
okr.identifier.report91207
okr.language.supporteden
okr.region.administrativeAfrica
okr.region.geographicalAfrica
okr.region.geographicalSub-Saharan Africa
okr.topicMacroeconomics and Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Regional Economic Development
okr.topicPoverty Reduction
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicRural Development::Rural Poverty Reduction Strategies
okr.unitOffice of the Chief Economist, Africa Region of the World Bank
relation.isAuthorOfPublication2aa2ddfe-f591-50b2-961d-c4991bd3b876
relation.isAuthorOfPublication.latestForDiscovery2aa2ddfe-f591-50b2-961d-c4991bd3b876
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