Sub-Saharan Africa's economy to grow by 6 per cent

Crane loads cocoa shipment in Abidjan, Cote d'Ivoire: strong commodity prices are helping to support growth in sub-Saharan Africa

The economies of Sub-Saharan African countries are expected to grow by nearly 6 per cent in 2012, according to the International Monetary Fund (IMF).

The agency says that economic growth has remained strong in the region where low income countries weathered the global economic slowdown well.

Charles Appel reports.

In its latest forecast, the International Monetary Fund says economies in Sub-Saharan Africa will remain on average above 5 per cent this year.

The agency predicts that boosts to production in a number of countries in the region will result in economic growth in 2012.

However, the agency says the picture is not the same for all the countries.

Low income countries will grow by more than 6 per cent while in middle-income countries such as South Africa it will be limited to 3 and a half per cent this year.

The IMF also points out that poor households have been hit hard by food and fuel prices and famine is devastating the Horn of Africa.

Charles Appel, United Nations.

(Duration: 42″)

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