The World Bank revealed this information via a statement on Wednesday, “Sub-Saharan African growth is expected to pick up modestly to 2.9% in 2017 as the region continues to adjust to
lower commodity prices.
Growth in South Africa is expected to edge up to a 1.1% pace this year. Nigeria is forecast to rebound from recession and grow at a 1%. Angola is projected to expand at a 1.2% pace.”
Commenting on the report, the President, World Bank Group, Jim Yong Kim, stated, “After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon.
Now is the time to take advantage of this momentum and increase investments in infrastructure and people. This is vital to accelerating the sustainable and inclusive economic growth required to end extreme poverty.”