New reports from the World Bank and International Monetary Fund say that despite a modest economic recovery in sub-Saharan Africa, its pace is sluggish and the prospects of growth for 2017 and 2018 lag behind those in the world as a whole. The IMF report says while the global growth forecast for 2017 and 2018 is 3.6 percent and 3.7 percent respectively, in sub-Saharan Africa is it 2.6 percent in 2017 and 3.4 percent in 2018.
Africa's Growth Expected to Lag Behind, Says IMF
allAfrica, 13 October 2017
Projected economic growth in sub-Saharan Africa is on average lagging behind that in the world generally, says the latest edition of the International Monetary Fund's World… Read more »
"Growth is expected to rise gradually, but barely above population growth" - IMF
World Bank Says Sub-Saharan Africa to Record Modest Recovery in 2017
Vanguard, 11 October 2017
The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 per cent in 2017 after the region grew by just 1.3 per cent in 2016. Read more »
Sub-Saharan Africa Faces Challenging Economic Outlook - World Bank
Sub-Saharan Africa's economies are experiencing a modest recovery, with gross domestic product (GDP) growth in the region expected to rise to 2.4 percent in 2017 from 1.3 percent… Read more »
Ambassador Robin Renee Sanders' new book on "The Rise of Africa's Small & Medium Size Enterprises" (SMEs) examines the dramatic shift in the development paradigm for Sub Saharan ... Read more »
Growth in Sub Saharan Africa rebounded strongly in 2010. GDP is estimated to have expanded by 4.7 percent, up from the 1.3 percent growth recorded in 2009 and just shy of its ... Read more »
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