Prospects for African economies to end-2019
Tuesday, June 11, 2019
Subject
African Economies H2 2019.
Significance
Economic prospects for Sub-Saharan Africa (SSA) in 2019 have dimmed further relative to initial forecasts, reflecting a more subdued global economic outlook. The World Bank now expects the region to grow by 2.8% in 2019, down from the 3.1% predicted in October 2018. This compares with estimated growth of 2.3% in 2018. Despite ongoing global economic weakness, there are few signs of increasing domestic resilience to external conditions, in part because of limited post-downturn policy options.
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