The World Bank raised its 2025 growth forecast for the region to 3.8% from 3.5%.
Breakdown
- World Bank expects Sub-Saharan Africa to grow by 3.8%, up from earlier forecasts.
- The upgrade is due to lower inflation and improved foreign trade. 17s
- Growth is projected to average 4.4% annually over the next two years. 29s
- Major economies like Ivory Coast, Ethiopia, and Nigeria are driving the improvement. 32s
- The World Bank warns of ongoing risks from high debt, job shortages, and global policy uncertainty. 39s