The World Bank on Monday projected a drop in the economic growth rate of Sub-Saharan Africa from 4.5 per cent in 2014 to 4.0 per cent in 2015.
The bank’s Chief Economist for Africa, Francisco Ferreira, said this during a video conference to inaugurate `Africa Pulse’, a World Bank Group analysis on issues shaping Africa’s economic prospects.
According to him, the downturn largely reflects the fall in the prices of oil and other commodities.
“The 2015 forecast is below the 4.4 per cent average annual growth rate of the past two decades and well short of Africa’s peak growth rates of 6.4 per …Read More
Source:: New Mail
