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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Africa

World Bank Lowers Sub-Saharan Africa Growth Forecast to 3% Amid Sudan Crisis

todayOctober 15, 2024 10

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The World Bank announced on Monday that it has reduced its economic growth forecast for sub-Saharan Africa this year to 3%, down from 3.4%, largely due to the impact of Sudan’s civil war on its economy. Reuters says, nevertheless, growth is anticipated to exceed last year’s 2.4% rate, driven by increased private consumption and investment, according to the bank’s latest regional economic outlook report, Africa’s Pulse. Andrew Dabalen, the World Bank’s chief economist for the Africa region, described the current recovery as “basically in slow gear” during a media briefing.

Written by: Leonard Witbeen

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