Economic growth in sub-Saharan Africa to fall to 1.6 percent

September 29, 2016 2:39 PM

13 0

KAMPALA, Uganda – A new World Bank report says economic growth across sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in more than two decades. Growth was 3 percent last year.

The report released Thursday says the weak growth mainly reflects the deteriorating performance of the continent's largest economies, Nigeria and South Africa. Together, they account for half the region's economic output.

Also read: World Bank Unfairly Influenced Its Own Competitiveness Rankings

Read more

To category page