West Africa: Sub-Saharan Africa's Growth Forecast Loses 'Steam'

13 October 2017

Washington DC — The Sub-Saharan African economy would retain its growth expectations, but not at the pace earlier forecast by the World Bank Group in April.According to its latest report- Africa Pulse, the sub-region would rather be recovering at a modest pace, and is projected to pick up to 2.4% by the end of 2017, from 1.3% recorded in 2016, against earlier forecast of 2.6 per cent.

The bi-annual analysis of the state of African economies conducted by the World Bank, however, said the moderate pace would be led by Africa's largest economies, including Nigeria, South Africa, Ethiopia, Senegal, and a host of others.

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