The October 2024 edition of Africa¡¯s Pulse reports a fragile economic recovery in Sub-Saharan Africa, with growth projected at 3% in 2024, up from 2.4% in 2023, driven by increased private consumption and investment. Inflation is expected to decline from 7.1% in 2023 to 4.9% in 2024 and 4.6% in 2025¨C26 due to tighter monetary and fiscal policies, stabilized currencies, and eased supply chain disruptions.
The CPIA Africa 2024 edition shows countries in Sub-Saharan Africa weathered 2023 relatively well thanks to credible economic and social policy reforms. In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency.
Findings from this study show a positive relationship between increases in high-speed internet and foreign direct investment, with benefits accruing mainly to finance, technology, retail and health services.
The Office of the Chief Economist in the Africa Region provides guidance on strategic priorities and generates timely, relevant knowledge on policy and institutional reforms in .
It produces research articles and reports on pressing development issues, disseminates knowledge widely, provides inputs that enrich the World Bank¡¯s work in African countries, and fosters a strong community of economists within the World Bank and on the continent to advance the region¡¯s development. Learn more...
Learn more about how the World Bank¡¯s CPIA evaluates government effectiveness in fostering growth.
New report highlights how effective land policies could aid African countries with various challenges, but institutional shortcomings and outdated laws often restrict these benefits.
