AFRICA
World Bank Lowers 2024 Economic Growth Forecast for Sub-Saharan Africa
Economic Outlook Dims for Sub-Saharan Africa: World Bank Cites Conflict, Natural Disasters, and High Debt
The World Bank has dropped its economic growth forecast for Sub-Saharan Africa by 0.4 percent due to Sudan's ongoing civil war, which has ravaged its economy.
Lowered from a forecast of 3.4 percent to 3 percent, next year's outlook is much higher at 3.9 percent—compared to the 2.4 percent forecast of 2023.