Global Markets

African growth to recover, but slower than expected – World Bank

Economic growth in sub-Saharan Africa is set to recover in 2017 following the region’s worst year in two decades in 2016, according to the World Bank.
By Staff reporter 20 April 2017 0 25564

Economic growth in sub-Saharan Africa is set to recover in 2017 following the region’s worst year in two decades in 2016, according to a new report from the World Bank.

However, the bank has cut its expected growth rate for the region for 2017 to 2.6% from 2.9% in its previous report.

Countries such as Ivory Coast, Ethiopia, Kenya and Tanzania are expected to lead economic expansion in the region as they have shown resilience while commodity prices have been low.

Oil and gas exporters such...