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World Bank Forecasts Marginal Economic Gains for Sub-Saharan Africa in 2025
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World Bank forecasts marginal economic gains for sub-Saharan Africa in 2025
Growth in sub-Saharan Africa is projected to edge up to 3.7% this year from 3.5% in 2024, the World Bank said. It is the only region other than the Middle East and North Africa that is expected to see such acceleration, as growth weakens among developing economies, the lender wrote in its latest Global Economic Prospects report. That’s “assuming the external environment does not deteriorate further, inflation declines as expected, and regional c…
While the Malagasy state was building on 5 per cent growth by 2025, the World Economic Outlook published in June by the World Bank contradicts these projections, according to which Madagascar's growth is expected to be only 3.7 per cent this year, down from 4.2 per cent in 2024, as the sub-Saharan Africa region shows signs of a moderate recovery, as growth accelerates slightly at the regional level: sub-Saharan Africa is expected to reach 3.7 pe…
Sub-Saharan Africa Growth Forecast Rises to 3.7% in 2025
The World Bank forecasts sub-Saharan Africa’s economic growth to rise slightly to 3.7% in 2025, up from 3.5% in 2024. This modest acceleration makes the region one of only two globally, alongside the Middle East and North Africa, expected to see growth strengthen this year, according to the Bank’s latest Global Economic Prospects report. However, [...] The post Sub-Saharan Africa Growth Forecast Rises to 3.7% in 2025 appeared first on Khusoko - …
Climbing trade tensions, increasing conflicts and natural disasters... The institution calls for urgent de-escalation to avoid the worst, stressing that "the poorest countries will suffer the most".
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