Africa's Pulse Vol. 5
The Africa Pulse is published by the Office of the Chief Economist of the Africa Region at the World Bank.
The global recovery remains weak and fragile, amid some signs of improvement. Sub-Saharan African countries are continuing to see steady growth, but global uncertainties weigh on the region’s prospects and policy landscape. The World Bank’s latest poverty estimates show that the number of people living in poverty in Africa has declined--a first for the region. Food insecurity looms large in several countries in the Sahel region of West Africa, as the sub-region is buffeted by drought, poor food accessibility, and population displacement due to conflict. In an environment of high fuel prices, fuel subsides are imposing a large and unsustainable fiscal burden, while disproportionately benefiting the rich.