Core Insights - The World Bank has raised its economic growth forecast for Sub-Saharan Africa to 3.8% for this year, driven by declining inflation and improved foreign trade [1][2] - The forecast for inflation in the region is expected to decrease to a median of 4.5% in 2024, stabilizing between 3.9% and 4% by 2026 [1] - Economic growth in Sub-Saharan Africa is projected to accelerate to an average of 4.4% over the next two years [1] Economic Drivers - The upgrade in growth forecasts is primarily influenced by improvements in major regional economies such as Côte d'Ivoire, Ethiopia, and Nigeria [2] - The World Bank emphasizes the need for regional economies to create more job opportunities and ensure higher wages, stability, and opportunities for the population [2] Challenges - The World Bank expresses concerns regarding high debt burdens, lack of job opportunities, and trade uncertainties stemming from U.S. policies [2] - The expiration of the African Growth and Opportunity Act (AGOA), a significant trade agreement between the U.S. and African nations, poses additional trade challenges [2]

Core Insights - The World Bank has raised its economic growth forecast for Sub-Saharan Africa in 2025 from 3.5% to 3.8% despite ongoing global uncertainties and high borrowing costs [2] - The report titled "Africa Pulse" indicates that the average growth rate for 2025 and 2026 is expected to reach 4.4% [2] - Among the 47 economies in the region, 30 have had their growth forecasts upgraded, with significant increases noted for Ethiopia (+0.7 percentage points), Nigeria (+0.6 percentage points), and Côte d'Ivoire (+0.5 percentage points) [2] Economic Indicators - Inflation in Sub-Saharan Africa peaked at 9.3% in 2022 but is projected to decrease to 4.5% in 2024, stabilizing between 3.9% and 4% during 2025-2026 [2] - The region's economic outlook is still challenged by uncertainties stemming from U.S. trade policies, low investment willingness from international investors, tightening external financing, and heavy debt burdens in several countries [2]