World Bank: African economic growth to fall to 1.6%.

Economic growth in sub-Saharan Africa is likely to slip to 1.6% this year, from 3% in 2015, because of continuing woes in the continent’s largest economies South Africa and Nigeria, the World Bank says in a new report.

Growth will pick up slightly to 2.9% next year, according to Africa’s Pulse, the bank’s twice-yearly analysis of economic trends, which was unveiled in Ivory Coast’s commercial capital Abidjan. 

African economies are expected to expand by 3.6% in 2018, it said.

BBC

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