Sub-Saharan Africa’s economy growing, but better revenue mobilisation needed – IMF

The macroenonomic outlook for sub-Saharan Africa continues to strengthen, with growth expected to increase from 2.7% in 2017 to 3.1% this year, the latest ‘Regional Economic Outlook’ report published by the International Monetary Fund (IMF) shows. The higher growth reflects domestic policy adjustments and a supportive external environment, including continued steady growth in the global economy, higher commodity prices and accommodative external financing conditions, the report states.