Uganda: World Bank Lowers Projected Sub-Saharan Economic Growth

Kampala — The World Bank has lowered sub-Saharan Africa economic growth for 2016 to 2.5 per cent, from an earlier estimated 3.0 per cent in 2015, as low commodity prices and slowdown in global economy continues to hit the region hard.

Similarly, in its latest update on Global Economic Prospects (GEP) released last week in Washington DC, the bank also downgraded global growth forecast to 2.4 per cent from the 2.9 per cent pace projected in January.

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