Global GDP growth remains subdued.
Source: Development Prospects Group.
Led by FDI, private capital flows to Sub- Saharan Africa rebounded to near pre-crisis peak, despite perturbations in the global economy
Higher GDP growth is reducing poverty levels; between 2005- 08 the number of poor declined by 9 million.
Source: World Development Indicators and staff estimates
Food prices are rising again, but remain below 2011 peak levels
Source: World Bank Development Prospects Group
Fuel subsidies are costly and not sustainable
Source: Various IMF Country Reports and World Bank’s Country Economic Updatefor Cameroon 2012 and Staff estimates.
Richer households spend a larger amount on fuel products and, consequently, benefit much more than poorer households from price subsidies on these products
Source: Preliminary estimates from Africa Region Survey-Based Harmonized Indicators Program (SHIP)for all countries.
Source: Preliminary estimates from Africa Region Survey-Based Harmonized Indicators Program (SHIP).