Africa Sees Modest Economic Recovery But Lags Behind World
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.
"Growth is expected to rise gradually, but barely above population growth" - IMF
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 »
allAfrica, 13 October 2017
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 »