Publication:
Economic Sentiments and Expectations in Sub-Saharan Africa in a Time of Multiple Shocks

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dc.contributor.authorWollburg, Philip
dc.contributor.authorBentze, Thomas
dc.contributor.authorKilic, Talip
dc.date.accessioned2023-11-21T16:57:10Z
dc.date.available2023-11-21T16:57:10Z
dc.date.issued2023-11-21
dc.description.abstractAgainst the background of high inflation, climate shocks, and concerns about rising food insecurity, this study documents the state of economic sentiments and expectations of households in five African countries—Burkina Faso, Ethiopia, Malawi, Nigeria, and Uganda—that are home to 36 percent of the Sub-Saharan African population. Leveraging nationally representative phone survey data, 57 percent of households across the five countries report that their financial situation and their country’s economic situation have worsened significantly in the past 12 months. While expectations for the future are more positive, there are marked differences across countries that suggest uneven recovery prospects and nonnegligible uncertainty about the future. Households overwhelmingly report prices to have increased considerably over the past 12 months and expect prices to increase faster, or at the same rate, over the next 12 months. Close to 54 percent of households—home to 206 million individuals—further expect that climate shocks will have adverse impacts on their finances in the next year. Economic sentiments are closely related to livelihood outcomes such as food insecurity, lack of access to staple foods, income loss, and unemployment, and sentiments about the household financial situation, country economic situation, price increases, and climate shocks are also interdependent. Households whose financial situation has worsened in the past year are consistently more pessimistic about their financial future. Food insecure households, in particular, are not only more likely to report a worsening financial situation in the recent past and pessimism about the future, but also more likely to expect to be adversely impacted by climate shocks.en
dc.identifierhttp://documents.worldbank.org/curated/en/099534511142334272/IDU0aaa58d140265a04ad308d9301eafc488f2cb
dc.identifier.doi10.1596/1813-9450-10604
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40638
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10604
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectECONOMIC SENTIMENTS
dc.subjectEXPECTATIONS
dc.subjectSCHOCKS
dc.subjectPHONE SURVEYS
dc.subjectSUB-SAHARAN AFRICA
dc.titleEconomic Sentiments and Expectations in Sub-Saharan Africa in a Time of Multiple Shocksen
dc.typeWorking Paper
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/75 Link to reproducibility package
okr.crossref.titleEconomic Sentiments and Expectations in Sub-Saharan Africa in a Time of Multiple Shocks
okr.date.disclosure2023-11-14
okr.date.doiregistration2025-04-07T08:32:40.487346Z
okr.date.doiregistration2025-04-08T16:15:17.897901Z
okr.date.doiregistration2025-04-09T02:47:35.665215Z
okr.date.lastmodified2023-11-14T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099534511142334272/IDU0aaa58d140265a04ad308d9301eafc488f2cb
okr.guid099534511142334272
okr.identifier.docmidIDU-aaa58d14-265a-4ad3-8d93-1eafc488f2cb
okr.identifier.doi10.1596/1813-9450-10604
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10604
okr.identifier.externaldocumentum34196385
okr.identifier.internaldocumentum34196385
okr.identifier.reportWPS10604
okr.import.id2353
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099534511142334272/pdf/IDU0aaa58d140265a04ad308d9301eafc488f2cb.pdfen
okr.region.geographicalSub-Saharan Africa
okr.topicSocial Development::Quality of Life & Leisure
okr.topicSocial Development::Poverty and Social Impact Analysis
okr.topicPoverty Reduction::Living Standards
okr.topicMacroeconomics and Economic Growth::Economic Insecurity
okr.unitLiving Standards Measurement (DECLS)
okr.unitDevelopment Data Group (DECDG)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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