The World Bank estimated the growth rate in Sub-Saharan Africa at 3% for the year 2024, compared to 2.4% in 2023

According to the forecasts of the 30th edition of the World Bank's semiannual economic report on Sub-Saharan Africa, regional activity is expected to grow by 3% in 2024, compared to a low of 2.4% in 2023

Titled 'Transforming Education for Inclusive Growth,' this report indicates that this increase in the growth rate is driven 'mainly by the rise in private consumption and investment

Additionally, inflation is expected to ease, dropping from 7.1% in 2023 to 4.8% this year, as a result of stricter monetary and fiscal policies, currency stabilization, and a decrease in supply disruptions

However, this recovery is insufficient to lift millions of people out of poverty

The growth rate of GDP per capita remains flat, at only 0.5% in 2024, compared to an average of 2.4% during the period 2000-2014,’ estimate the authors of the report, who believe that conflicts, climate change, and rising debt service costs are obstacles to progress

The source of the article is l'observateur