The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 percent, down from 3.1 percent.
This is partly due to the less favorable external environment for the region.
Albert Zeufack, World Bank Chief Economist for Africa, said the region’s economic recovery was in progress but at a slower pace than expected.
According to the report, global trade and industrial activity lost momentum, as metals and agricultural prices fell due to concerns about trade tariffs and weakening demand prospects.