WASHINGTON - Sub-Saharan Africa's economy is set to grow 3.3% this year, down from 4.1% in 2021, the World Bank said on Tuesday, due to slowing global growth, drought, increased risk of debt distress and rising inflation made worse by Russia's war in Ukraine.
The 2022 forecast was cut from a prediction of 3.6% made in its last biannual update in April, as the bank slashed projections for Nigeria and South Africa, two of Africa's largest economies, plus Ghana, which is battling an economic crisis.
