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A RISING DEBT HEADACHE
| 题名： | A RISING DEBT HEADACHE |
| 正文语种： | eng |
| 摘要： | Construction output in sub-Saharan Africa grew by an estimated 1.7% in 2022, compared to a growth of 3.2% registered in 2021. The industry is forecast to record a growth of 3.2% in 2023. However, significant downside risks persist, notably the rising regional debt levels, says GlobalData, a leading data and analytics company. GlobalData's latest report, Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2022-2026, is a tough read for construction equipment manufacturers seeking demand growth in sub-Saharan Africa. It states that the region's post-pandemic economic recovery has been halted since the second half of 2022. The IMF's Oct 2022 World Economic Outlook forecasts GDP growth in sub-Saharan Africa to remain subdued at 3.7% in 2023, following a deceleration to 3.6% in 2022. Public debt has reached about 60% of the GDP, with several countries in the region in debt distress condition or at high risk of debt-distress. |
| 出版年： | 2023 |
| 期刊名称： | World highways |
| 卷： | 32 |
| 期： | MAY/Jun.App. |
| 页码： | 16-16 |
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