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

Stock arrow Stock arrow Photo © Geralt

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.

Read 151 times

Click the button below to receive email updates any time new GEG Africa material is posted. (Or click here to subscribe to the quarterly GEG Africa newsletter).