World Bank: Sub Saharan Africa economic outlook

Sub-Saharan Africa is set to enjoy slower economic and income growth, according to a report by the World Bank. The Global Economic Prospects is an annual report produced and published by the World Bank Group and offers the multilateral financial institution’ s outlook on various regions of the world, given current developments. Africa, which includes…

Sub-Saharan Africa and its northern counterpart hold great economic promise.

Africa’s investment case remains a compelling proposition. The continent is home to some of the fastest growing economies in the world; think of Botswana and South Africa.

The continent is home to the youngest population in the world that is moving up the social strata. This means that the population of Africa will demand goods and services that foreign companies will happily supply. The continent, until recently, has attracted record amounts of foreign direct investment as capital made a beeline from developed economies whose returns were marginal at best and lethargic at worst. Returns on investments in Africa have been among some of the highest in the world.

•Sub-Saharan Africa is set to enjoy slower economic and income growth, according to a report by the World Bank.

•The Global Economic Prospects is an annual report produced and published by the World Bank Group and offers the multilateral financial institution’s outlook on various regions of the world, given current developments.

•Africa, which includes Sub-Saharan Africa, has immense potential for economic growth and has a strong investment case. However, the World Bank projects that the region’s economic growth will slow to 3.7%,

The post World Bank: Sub Saharan Africa economic outlook appeared first on The Exchange.

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.