The World Bank slashed its projections of 2019 SSA growth from 3.3% in October and 3.4% in January to 2.8% now and, unlike the IMF, now says overall SSA growth decelerated between 2017 and 2018. Like the IMF, the Bank has since October reduced its growth projections for SSA’s three largest economies, South Africa, Angola and Nigeria. The growth outlook for SSA and Africa, including North Africa, remains differentiated according to region. Despite debt reductions in some oil exporters, debt service and debt sustainability remains a concern in a number of economies. Sixteen SSA economies are still at high risk of debt distress, or currently in debt distress, according to the IMF.

Source: The North Africa Journal May 02, 2019 13:07 UTC