The crisis in Sudan has led to a 0.4 pp decrease in estimates for 2024 GDP The World Bank has lowered its economic growth forecast for Sub-Saharan Africa (SSA), citing the collapse of Sudan’s economy due to its escalating civil war as one reason for the decision. According to the global financial institution’s latest regional economic outlook report, the Africa Pulse, published on Monday, the region will likely grow by 3% this year, down from 3.4% projected in April. “The downgrade is partly explained by the collapse of economic activity in Sudan caused by the armed conflict, which has destroyed physical and hum
Hence then, the article about world bank downgrades africa growth forecast was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( World Bank downgrades Africa growth forecast )