2024 sub-Saharan African growth forecast reduced to 3% by World Bank due to Sudan civil war impact.
The World Bank has reduced its 2024 economic growth forecast for sub-Saharan Africa to 3%, down from 3.4%, largely due to the civil war in Sudan, which is expected to severely impact the nation's economy. Despite the downgrade, growth remains above the previous year's 2.4%. The report emphasizes risks from conflicts and high debt burdens that hinder investments. Excluding Sudan, the region's growth could reach 4% in 2025.
October 14, 2024
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