World Bank slashes Sub-Saharan Africa expected growth to 4 per cent

Kenya: The World Bank expects Sub-Saharan Africa’s growth to fall by 4 per cent in 2015, down from 4.5 per cent in 2014. The forecast is below the 4.4 per cent average annual growth rate of the past two decades; and well short of Africa’s peak growth rates of 6.4 per cent in 2002-08.

The Pulse, a twice-yearly World Bank analysis says excluding South Africa, the average growth for the rest of Sub-Saharan Africa is set to be around 4.7 per cent. This downturn largely reflects the fall in the prices of oil and other commodities.