Growth in Sub-Saharan Remains Below Three Percent Three Years After Crisis

WASHINGTON, April 8, 2019 – Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017, according to the April 2019 issue of Africa's Pulse, the World Bank's bi-annual badysis of the African economy released today. Economic growth remains below population growth for the fourth consecutive year, and is expected to rebound to 2.8 percent in 2019, it will be more of a success. -Saharan Africa, and how can the digital economy help the continent move forward.

Sub-Saharan Africa alone. "The digital transformation can be increased by almost two percentage points per year. This is a game-changer for Africa,Said Albert Zeufack, World Bank Chief Economist for Africa.

The rate of inflation is generally higher than that of domestic debt. Macroeconomic volatility; political and regulatory uncertainty; and fragility that are having visible negative impacts on some African economies. It also strengthens performance in several smaller economies that continues to grow steadily.

in Nigeria, growth reaches 1.9 percent in 2018, up from 0.8 percent in 2017, reflecting on a modest pick-up in the non-oil economy. South Africa In the third quarter of 2018, growth was subdued at 0.8 percent over the year. angolaThe region's third-largest economy, remained in recession, with growth falling sharply as oil production remained weak.

Growth picked up in some resources-intensive-countries like the Democratic Republic of Congo and Niger, a strong rebound in agricultural production and public investment in infrastructure. In others, like Liberia and Zambia, growth is subdued, as high inflation and elevated debt levels. In the Central African Economic and Monetary Community, a fragile recovery continues to reform efforts to reduce taxes and external imbalances slowed in some countries. Non-resource-intensive economies such as Kenya, Rwanda, Uganda, and several in the West African Economic and Monetary Union, including Benin and Ivory Coast recorded solid economic growth in 2018.

Africa's Pulse is also a sub-Saharan Africa sub-Saharan Africa. This adds up to 2.6 percentage points over five years.

"The drivers of fragility have evolved over time, and so too must the solutions," Said Cesar Calderon, Lead Economist and Lead author of the report. "Countries have a real opportunity to move from fragility to opportunity by cooperating across borders to tackle instability, violence, and climate change. "