#June2018 #GlobalEconomicProspects #SubSaharanAfrica #Report
Growth in Sub-Saharan Africa is projected to pick up to 3.1 percent in 2018, from 2.6 percent in 2017. This
upswing reflects rising oil and metals production, encouraged by higher commodity prices, improving
agricultural conditions, and increasing domestic demand. Growth is expected to firm to an average of 3.6
percent in 2019-20, as the recovery strengthens in Angola, Nigeria, and South Africa—the region’s largest
economies. Nevertheless, growth will remain below its long-term average, with continued weak convergence of
per capita income towards average emerging market and developing economies levels. Tighter global financing
conditions and weaker-than-expected commodity prices are the main external downside risks to the regional
outlook. Domestic risks include heightened conflicts, delayed fiscal adjustment, and weak implementation of
structural reforms.
Click link below to read full report...
https://bit.ly/2Jy67qO