Saturday, November 4, 2017

Improved Economic Growth for Sub-Saharan Africa

Focus Economics posted on 18 October 2017 an analysis titled "Economic Snapshot of Sub-Saharan Africa" by Angela Bouzanis.

The author said the GDP growth rate of Sub-Sahara Africa is expected to reach 2.4 percent in 2017 and then gain steam in 2018, rising to 3.4 percent and by 2019 reaching 3.7 percent. While this improvement still leaves the Sub-Sahara African average well below recent years, the trend line is positive. The author expects the fastest growing economies in Sub-Sahara Africa in 2018 will be Cote d'Ivoire and Ethiopia at 7 percent or more. The region's poorest performers will include South Africa at 1.3 percent and Angola and Nigeria at 2.6 percent.