World Bank projects a 3.2% economic growth in sub-Saharan Africa in 2018 - News Summed Up

World Bank projects a 3.2% economic growth in sub-Saharan Africa in 2018


(Ecofin Agency) - In its report on the world economic outlook, World Bank indicates that the economy in sub-Saharan Africa should grow by 3.2% in 2018, while in 2017, it was 2.4%. Ghana (8.3%), Ethiopia (8.2%), and Côte d’Ivoire (7.2%) should drive this growth with a boost in investments, especially in infrastructure sector. It expects Nigeria’s economy to grow by 2.5% (against 1% in 2017), while Angola and South Africa should grow respectively by 1.6% and 1.1%. As for economies in the Middle-East and North Africa (MENA), World Bank think it might significantly increase. Egypt will boost North Africa’s economy with its GDP which is expected to stand at 4.9% as the results of reforms under way in the country.


Source: The North Africa Journal January 12, 2018 12:33 UTC


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