The third issue of Africa's Pulse was released on April 13, 2011. It provides the following analysis on African countries:
1- GDP growth in Sub-Saharan Africa is back on track
2- Rising commodity prices
3- Exports rebound but remain highly concentrated in one or two commodities
Summary of findings:
- The global economic recovery is continuing, led by robust domestic demand in developing countries.
- But global prospects are exposed to numerous risks.
- African countries are back on a path of strong growth, with the region’s GDP projected to expand by 5.3 percent in 2011—above the pre-crisis trend rate.
- The upward trend in energy and non-energy commodity prices has imparted a net favorable terms of trade shock to many African countries, but the situation could change if oil prices ratchet up sharply.
- Rising food and fuel prices are fueling inflation pressures, putting more people at risk of hunger and presenting a challenge to macroeconomic management.
- High food prices and volatility are likely to persist.
- Exports are rising, but African economies continue to rely heavily on commodity exports.
Download Africa's Pulse Issue 3 (PDF document)