Growth in sub-Saharan Africa is projected to edge up to 3.7% this year from 3.5% in 2024, the World Bank said.
It is the only region other than the Middle East and North Africa that is expected to see such acceleration, as growth weakens among developing economies, the lender wrote in its latest Global Economic Prospects report. That’s “assuming the external environment does not deteriorate further, inflation declines as expected, and regional conflicts subside,” it cautioned.
However, this growth is lower than the region’s long-term average, the World Bank noted, “and is insufficient to make substantial progress in reducing extreme poverty.”
