Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 560 | Real GDP in Sudan to contract by an average of 2.1% in 2018-19 period | Lebanon | Byblos Bank

You are being redirected to .

 

Please Rotate your screen to portrait, for best viewing.

Byblos Bank

Country Risk Weekly Bulletin 560

|

Real GDP in Sudan to contract by an average of 2.1% in 2018-19 period

The International Monetary Fund projected Sudan's real GDP to contract by 2.3% in 2018 and by 1.9% in 2019, following a growth rate of 1.4% in 2017, amid the country's sustained policy uncertainties and persistent macroeconomic imbalances, including its elevated public debt level and significant external financing needs. In comparison, it forecast the growth rates for oil importers in the MENA region at 3.8% in 2018 and 4.1% in 2019. Further, it expected Sudan's inflation rate to average 61.8% in 2018 and 49.2% in 2019. 

In parallel, the Fund projected the fiscal deficit at 3.5% of GDP in 2018 and 3.3% of GDP in 2019. It forecast government revenues, excluding grants, at 8% of GDP in 2018, but to regress to 6.6% of GDP in 2019; and for total expenditures to reach 12.7% of GDP this year and 10.5% of GDP in 2019. Further, it expected the government's gross debt level to rise from 121.6% of GDP at the end of 2017 to 167.5% of GDP at end-2018 and to 165.1% of GDP at end-2019. It also forecast the gross external debt to increase from 117.7% of GDP in 2017 to 166.6% of GDP in 2018 and 167% of GDP in 2019. Further, the IMF projected the current account deficit at $4.7bn, or 14.2% of GDP, in 2018; and at $4.5bn, or 13.1% of GDP, in 2019. It expected Sudan's gross foreign currency reserves to improve from $0.9bn at end-2017 to $1bn at the end of 2018 and $1.1bn at end-2019. 
Source: International Monetary Fund
 
Cookies Information

To optimize this website's functionality, we may utilize cookies, which are small data files stored on your device. This common practice helps improve your browsing experience.

Privacy settings

Choose which cookies you wish to enable.
You can change these settings at any time. However, this can result in some functions no longer being available. For more information on deleting cookies, please consult your browser help function.
LEARN MORE ABOUT THE COOKIES WE USE.

Use the slider to enable or disable various types of cookies:

Necessary
Functionality
Analytics
Marketing

This website will:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location

This website won't:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location


Save And Close