While conflicts between various tribes and ethnicities were already ongoing in both countries, the descent into full-scale armed conflict in South Sudan has major negative implications for both countries, significantly curtailing growth and deteriorating the external accounts.
Major Forecast Changes
We have downgraded our forecast for South Sudan's growth in 2014, from 21.1% to 10.6%, owing to the disruptions associated with the conflict.
We have made an upward revision to South Sudan's inflation for 2014 as shortages are expected to occur. We now see inflation rising to 24.2% year-on-year by end-2014, compared to our previous projections of 12.0%.
We have upgraded our forecasts for Sudan's budget deficit due to the latest data released by the IMF, and now expect the 2014 fiscal shortfall to equal 2.5% of GDP, compared to earlier estimates of 7.3%.
Full Report Details at
- http://www.fastmr.com/prod/775143_sudan_and_south_sudan_business_forecast_report_q2.aspx?afid=301
Key Risks To Outlook
Political risk remains the most salient threat to our outlook, as a further deterioration of the security situation could further threaten the economic stability and long-term outlook for both countries.
The price of oil represents another important risk to our forecasts, both positive and negative, given both countries are among Africa's top crude producers.
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New Report Available: Sudan and South Sudan Business Forecast Report Q2 2014
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001