World Bank sees sub-Saharan Africa GDP growth rising to 2.6 pct in 2017

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DHAKA, BANGLADESH – OCTOBER 18: World Bank president Jim Yong Kim attends a press briefing on October 18, 2016 in Dhaka, Bangladesh. Yong Kim said the bank would invest $2 billion in the next three years for climate change projects. This is his second investment announcement to Bangladesh during the two-day visit. A South Korean-American physician and anthropologist, Kim is the 12th president of the World Bank, and the first without a formal background in finance or banking. (Photo by Sk Hasan Ali/Corbis via Getty Images)

NAIROBI, April 19  – Economic growth in sub-Saharan Africa is seen rising to 2.6 percent this year and further to 3.2 percent in 2018 and 3.5 percent a year later, the World Bank said in a report on Wednesday.

“The upturn in economic activity is expected to continue in 2018-19, reflecting improvements in commodity prices, a pickup in global growth, and more supportive domestic conditions,” the bank said in its “Africa’s Pulse” report.

Sub-Saharan African growth was an estimated 1.3 percent in 2016, the World Bank said.

 

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