African countries’ GDP to grow 3.6% between 2018 and 2019

Luanda – The aggregate growth of Africa is being projected to speed up between 2018 and 2019 and reach a growth point of 3.6 per cent, propelled by the recovery of the continent?s biggest economies.

This was revealed last Wednesday, in Washington DC, United States of America (U.S.A), by the World Bank (WB)

The information was made public at a video-conference chaired by the WB’s Chief Economist for the Africa Region, Albert Zeufack, and Punam Chuhan-Pole, Lead Economist in the Africa Region for the same institution.

The two WB officials presented the latest edition of A�frica’s Pulse, which is a biannual analysis of the state of African economies.

According to Albert Zeufack, the projected growth will be less plausible for crude-oil exporting countries, whereas the metal exporters are the ones more likely to record the full figure growth.

In view of such scenario, the promotion of public/private investment is a priority in the African continent, with highlight on Angola, a country whose main exportation product is crude-oil.

According to the World Bank, in 2017 the economic growth in sub-Saharan Africa is on a recovery trend, after recording the worst decline in two decades.

The same WB report states that Angola, South Africa and Nigeria � Africa’s biggest economy � recorded a certain recovery after a slowdown in the year 2016.

However, the World Bank deems the recovery slow, explaining it with the increase in protectionist sentiment worldwide and an above the normal restriction in global financing, as well as the lack of proper domestic reforms in many countries, threats to security and political volatility in some states.

Source: Angola Press News Agency