Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A new World Bank report is forecasting that sub-Saharan Africa’s growth will slow to 4% in 2015 from 4.5% in 2014, owing to the weak commodity prices and the sharp fall in oil prices, which will exact a heavy toll on African oil exporters. Excluding South Africa, whose economic performance is described as “subpar”, the average growth for the rest of the region is forecast to be around 4.7%. South Africa is expected to grow by around 2.1% in 2015 having expanded by 1.5% last year, the slowest rate of growth since the country’s 2009 recession.
A new World Bank report is forecasting that sub-Saharan Africa’s growth will slow to 4% in 2015 from 4.5% in 2014, owing to the weak commodity prices and the sharp fall in oil prices, which will exact a heavy toll on African oil exporters. Excluding South Africa, whose economic performance is described as “subpar”, the average growth for the rest of the region is forecast to be around 4.7%. South Africa is expected to grow by around 2.1% in 2015 having expanded by 1.5% last year, the slowest rate of growth since the country’s 2009 recession.
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