Friday, January 19, 2018

World Bank Economic Prospects for Sub-Saharan Africa

The World Bank published in January 2018 its "Global Economic Prospects: Broad-Based Upturn, but for How Long?"

The section on Sub-Saharan Africa reports that growth rebounded to 2.4 percent in 2017 after slipping to 1.3 percent in 2016. Growth in the region is projected to rise to 3.2 percent in 2018 and to 3.5 percent in 2019, on the back of firming commodity prices and gradually strengthening domestic demand. Major oil/mineral economies in Nigeria, Angola, and South Africa will experience modest improvement. Non-resource intensive countries are expected to expand at a solid pace, helped by robust investment growth. Cote d'Ivoire is forecast to expand by 7.2 percent, Senegal by 6.9 percent, Ethiopia by 8.2 percent, and Tanzania by 6.8 percent.

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