SUB-SAHARAN HAS A SLOWER ECONOMIC RATE SAYS WORLD’S BANK

The World Bank said on Wednesday, down from the 2.6 percent projected in April.sub-Saharan Africa is expected to be 2.4 percent in 2017

The slow rate in the economy of the Sub-Sahara is influence by the fall in the economy of two countries in the region which includes the fall in and South-Africa and Nigeria which needs political reformation caused by the political worries and it’s uncertainty need to be reined.

The slow growth of economy have been hit by decrease in the commodity price which affects the government revenue.

Albert Zeufack, World Bank chief economist for Africa, said ” the region’s growth recovery would partly be driven by the continent’s two largest economies – Nigeria and South Africa – exiting recession”.

He also said the two countries need “deeper reforms” to get back to pre-2014 levels of growth and their political uncertainty needs to be reined in. He said they make up about half of Sub-Saharan Africa’s GDP growth.