Sub-Saharan Africa’s Growth Forecast Boosted to 5.3%

The World Bank raised its forecast for economic growth in Sub-Saharan Africa to 5.3 percent in 2011 as the global economy recovers and the outlook improves for oil producers such as Nigeria and Angola.

Growth in the world’s poorest region will pick up from an estimated 4.7 percent in 2010, the Washington-based lender said in its Global Economic Prospects report on its website today. On June 9, the Bank had forecast growth of 5.1 percent this year.