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%,
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