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Sub-Saharan Africa Faces Slower Growth as Us-Iran War Raises Costs

The World Bank has lowered its growth forecast for Sub-Saharan Africa in 2026 to 4.1 per cent, citing the economic fallout from the ongoing Middle East conflict, rising debt burdens, and increasing external uncertainties as key risks to the region’s recovery. In its latest report released on Wednesday, the lender revised its projection downward from the 4.4 per cent forecast made in October, noting that growth in 2026 is now expected to remain f…

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The World Bank has lowered its growth forecasts for sub-Saharan Africa, anticipating an expansion of 4.1 per cent in 2026, compared to 4.4 per cent expected in October, in a context of rising energy costs and increased uncertainty related to the conflict between the United States and Iran. According to a report published on Wednesday 9 April by the Washington-based institution, growth is expected to remain at 4.1 per cent in 2026, as in 2025, bu…

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InsideBusiness - Business News in Nigeria broke the news on Wednesday, April 8, 2026.
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