Macroeconomic Forecast Oil Main Spur To Growth

November 2007 | Macroeconomic Forecasts

Increased oil output and rising prices for Sudan's Dar Blend prompted us to revise upward our real GDP growth rate at the end of October to 11.3%. We continue to see Sudan's economy growing swiftly by 10.7% and 9.3% in 2008 and 2009, mostly on the back of oil sector strength. Power generation may also be receiving heavy investment in the next years, specifically the planned Merowe Dam project, estimated to cost US$1.8bn or 3.8% of 2007's GDP.

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