World Bank Cuts Sub-Saharan Africa's 2017 Growth Forecast
- Bank trims region’s GDP forecast to 2.6% from 2.9% in January
- Estimate reduced on weak South Africa, Nigeria, Angola rebound
Luanda, Angola, on Nov. 8, 2013.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies.
The area’s gross domestic product will expand 2.6 percent in 2017, the bank said in an emailed copy of its Africa Pulse report Wednesday. That compares with a January projection of 2.9 percent and matches the International Monetary Fund’s prediction released this week.