According to the World Bank global Economic outlook 2018, Global Economy is set to Edge Up to 3.1 percent in 2018, growth in non-resource intensive African countries is anticipated to be more solid than the resource-intensive countries with regional growth projected to be recovering, supported by modestly rising commodity prices, strengthening external demand, and the end of the drought in a number of countries.
The region’s economic growth is projected to continue to rise to 3.2 percent in 2018 and to 3.5 in 2019, on the back of firming commodity prices and gradually strengthening domestic demand.
South Africa is forecast to tick up to 1.1 percent growth in 2018 from 0.8 percent in 2017.
Nigeria is anticipated to accelerate to a 2.5 percent rate this year from 1 percent growth in the year just ended.
Growth in Angola is expected to increase to 1.6 percent in 2018.
Côte d’Ivoire is forecast to expand by 7.2 percent in 2018; Senegal by 6.9 percent; Ethiopia by 8.2 percent; Tanzania by 6.8 percent; and Kenya by 5.5 percent as inflation eases.