Africa: Growth in Sub-Saharan Africa Is Diverging

Stagnating incomes in sub-Saharan Africa’s resource-intensive economies, particularly fuel exporters, have been exacerbated by a decline in commodity prices since 2014 and pre-existing structural weaknesses such as poor governance and inadequate resource management. This has led to a divergence in growth between resource-intensive countries and non-resource-intensive countries, impacting poverty levels and development outcomes. To address this challenge, more effective fiscal management and broad-based structural reforms are needed to ensure sustainable growth and resilience in the region.

Full Article