The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.
Tuesday, 12 June 2018 09:34

World Bank: Global economy to expand in 2018, slower growth seen ahead

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Global economic growth was expected to remain robust at 3.1% in 2018, according to the World Bank, before slowing gradually over the next two years, as advanced-economy growth decelerated and the recovery in major commodity-exporting emerging market and developing economies levelled off. It said on 5 June that growth in Sub-Saharan Africa was projected to strengthen to 3.1% in 2018 and to 3.5% in 2019. South Africa was forecast to expand 1.4% in 2018 and 1.8% in 2019 as a pickup in business and consumer confidence supported stronger growth in investment and consumption expenditures.

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