IMF Raises Sub-Saharan Africa Growth Forecast to 6.1%
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Sub-Saharan Africa’s economy will expand faster than previously forecast next year as the global economic recovery strengthens, the International Monetary Fund said.
The region’s economy will grow 6.1 percent in 2014, more than the previous estimate of 5.7 percent and the 5.6 percent projected growth for this year, the Washington-based IMF said in its World Economic Outlook released today. The global economy will expand 4 percent next year, up from 3.3 percent in 2013, the report said.