Africa’s 2026 Growth Forecast Raised to 4.3% due to Continent's Economic Resilience: Report
Africa’s 2026 Growth Forecast Raised to 4.3% due to Continent's Economic Resilience: Report
The resilience and successful economic reforms helped African countries overcome a tough global environment triggered by higher energy prices due to the Middle East conflict, according to the World Bank's Africa Economic Update report.
Which countries are leading the way?
Major African economies like Nigeria, Zambia, Ethiopia, and Angola saw a significant upgrade, driven by better economic management and reforms, the report noted, adding that forecasts improved for nearly three-quarters of Sub-Saharan nations.
What risks remain? Despite the positive trend, World Bank Chief Economist for Africa Andrew Dabalen warned of lingering risks, including:
A prolonged Iran war
High global interest rates
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