World Bank lowers 2016 growth projections for Sub-Saharan Africa

NAIROBI (Reuters) – The World Bank on Monday lowered its 2016 sub-Saharan African growth forecast to 3.3 percent from a previous forecast of 4.4 percent in October, citing plunging global commodity prices.

HARARE
The bank said the commodity price rout, particularly for oil which fell 67 percent from June 2014 to December 2015, as well as weak global growth were behind the region’s lacklustre performance.

“Overall, growth is projected to pick up in 2017-2018 to 4.5 percent,” the World Bank said in a statement.

It said a projected uptick in economic activity next year would be driven by economic powerhouses South Africa, Nigeria and Angola as commodity prices stabilise.




Nigeria and Angola are the continent’s top two crude oil exporters whose economies have suffered as a result of sharply lower crude prices, while South Africa was also hit by lower platinum, iron ore and coal prices.

“There were some bright spots where growth continued to be robust such as in Cote d’Ivoire, which saw a favourable policy environment and rising investment, as well as oil importers such as Kenya, Rwanda and Tanzania,” the World Bank said.

Share this:

Arts & Entertainment

Arts & Entertainment

James Bond’s Roger Moore dies at 89

23rd May 2017 Staff Reporter 0

James Bond actor Roger Moore has died, aged 89. His family confirmed the news via his Twitter account, issuing a statement that explained the British star had passed away in Switzerland following a “short but […]

5 Comments on World Bank lowers 2016 growth projections for Sub-Saharan Africa

  1. I love the precious information you provide on your articles or blog posts. I most certainly will take a note of your blog post as well as check once more here typically.. خرید apple id Now i’m slightly certain I am going to discover a lot of brand-new things listed here! All the best ! for the following!

  2. Great issues completely, you simply received a new viewer. What could persian tar a person recommend in terms of the create that you built some days ago? Any kind of confident?

  3. Many thanks for each alternate fantastic submit. Exactly where else may perhaps any one obtain that types of information and facts in this perfect way with words? I’ve a display subsequent weeks time, exactly what to the search for such information.. خرید سرور مجازی

  4. Hello. I ran across your current web site using msn. Which is a really nicely prepared report. I’ll make sure you save that in addition to go back to master extra within your practical details. Thanks for the post.. سرور مجازی I am going to unquestionably comeback.

75 Trackbacks & Pingbacks

  1. Google
  2. Google
  3. whmcs modules
  4. smell proof bags
  5. chain saw sharpening diamond wheel
  6. superior auto institute
  7. the wristwatch exchange
  8. sex toys
  9. Dual Penetration Vibrator
  10. Double Penetration Vibrator
  11. apps download for windows 8
  12. Boudior
  13. pc games for windows 10
  14. penis de borracha
  15. coffee beans kona
  16. pure kona coffee
  17. free download for pc
  18. adam and eve sex toy
  19. Anal Sex
  20. apps download for windows 7
  21. email processing job
  22. Masturbator Sex Toys
  23. selling your product for free
  24. nike air jordan
  25. Mitsibishi
  26. strap on vibrator
  27. mulvadi pure kona
  28. papaya
  29. SDI_MR_1 Certification Dumps
  30. relationship confessions
  31. crystal jellies anal stuffer
  32. Installs and reviews
  33. wet dildo
  34. firstanal
  35. Rechargeable Rabbir Vibrator
  36. szybka chwilowka
  37. Bluetooth Headphones
  38. Fitness microphones
  39. adam and eve
  40. adam and eve scarlet submission kit
  41. Vertigo Rabbit Vibrator
  42. destiny
  43. swan wand
  44. buy dildo
  45. Buy Phentermine
  46. adam and eve sex toy shop
  47. Neapolitan pizza
  48. Cheap Women Cleveland Indians Jerseys
  49. Arduino store
  50. embossed paper
  51. 福井脱毛
  52. China Import Consulting
  53. خرید سرور مجازی
  54. county
  55. Samsung repair
  56. movies
  57. http://www.motupatlugameshd.com
  58. http://www.hamptonbaylightinghd.com
  59. dating relationship
  60. 100% kona coffee
  61. Wisdom teeth
  62. fishing rod redding
  63. yoni
  64. Strap On Dildo
  65. Buy Sex Toys
  66. Enterprise Web Hosting
  67. places to stay in santa barbara
  68. men clothing
  69. every day deals
  70. best kona
  71. how can i make money fast
  72. Double Sided Dildo
  73. dependência química
  74. buy email list
  75. sihr

Leave a Reply

Your email address will not be published.


*