Browsing: Basic commodity prices

Growth projections for sub-Saharan Africa are expected to grow to 3.6 per cent in 2020 from 2019’s 3.2 per cent.

The expected recovery is, however, at a slower pace than previously envisaged for about two-thirds of the countries in the region, partly due to a challenging external environment.

Growth in non-resource-intensive countries is projected to remain strong, averaging about 6 per cent. As a result, 24 countries, home to about 500 million people, will see their per capita income rise faster than the rest of the world, according to the World Bank.

For resource-intensive countries, the contrast is that growth is expected to move in slow gear at 2.5 per cent. This means that 21 countries are projected to have per capita growth lower than the world average.

The World Bank says that reducing risks and promoting sustained and inclusive growth across all countries in the region requires carefully calibrating …