Sub-Saharan Africa is expected to grow 3.3% this year, accelerating to 3.5% by 2019
By Respect Gwenzi, Jan 24, 2018
Economic growth has recovered in sub-Saharan Africa “from 2.7 percent in 2017 to 3.3 percent in 2018 and 3.5 percent in 2019”. The IMF considers that Brazil will grow 1.9 percent this year.
The economies of sub-Saharan Africa are expected to grow 3.3 percent this year and 3.5 percent in 2019, according to the International Monetary Fund’s (IMF) “Global Economic Outlook” forecasts released in Washington on Monday.
“Growth in sub-Saharan Africa has recovered from 2.7 percent in 2017 to 3.3 percent in 2018 and 3.5 percent in 2019, as was generally anticipated in the fall,” IMF analysts write in the forecasts.
“There has been a modest upward revision for Nigeria, but growth is expected to be somewhat lower in South Africa, falling below 1 percent in 2018 and 2019 due to heightened political uncertainty and its impact on confidence and investment,” the experts add.
The IMF revised its forecast for sub-Saharan Africa down by 0.1 percentage point this year and increased its forecast for next year by 0.1 percentage points, giving no explanation in the report for the slight change.
The IMF considers that Brazil, the only Lusophone country for which there are specific statistics, will grow at least 1.9 percent this year and 2.1 percent in 2019, which represents an upward revision of 0.4 percentage points for this year and 0.1 points for the next.-Lusa
Top Stories
Zimbabwe’s Soyabeans Domestic Supply Jumps to 54% from 19% in 2015:Highest Yield Post Land Reform
Zimbabwe's 2025/26 soyabean harvest reached 119,067 metric tonnes from 56,562 hectares harvested, according to the Second Round Crop, Livestock and Fisheries Assessment Report presented to Cabinet on
Jun 10, 2026Why Diesel Imports Set New Monthly Record of Above USD 130 Mn: Barometer of Production?
Zimbabwe's April 2026 diesel import bill reached USD 132.5 million, a 44.6% increase from March 2026's USD 91.6 million and the highest monthly value recorded from December 2022 through April 2026, a
Jun 09, 2026
