African economic growth to dip to 1.6% this year - World Bank | Fin24
 
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African economic growth to dip to 1.6% this year - World Bank

Sep 29 2016 15:44

Abidjan- Economic growth in sub-Saharan Africa is likely to slip to 1.6% this year, from 3% in 2015, due to continuing woes in the continent's largest economies South Africa and Nigeria, a World Bank report said on Thursday.

Growth will pick up slightly to 2.9% next year, according to "Africa's Pulse", the Bank's twice-yearly analysis of economic trends, which was unveiled in Ivory Coast's commercial capital Abidjan.

African economies are expected to expand by 3.6% in 2018, it said.

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