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The World Bank forecasts a 2.7% global growth in 2017

Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year, as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, according to World Bank report entitled “Global Economic Prospects 2017: Weak Investment in Uncertain Times”, released on 10th January 2017. 

The report states that growth in advanced economies is expected to edge up to 1.8 per cent in 2017 whereas growth in emerging markets and developing economies as a whole should pick up to 4.2 per cent this year.

Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to lower commodity prices. Growth in South Africa and oil exporters is expected to be weaker, while growth in economies that are not natural-resource intensive should remain robust.  Mauritius has maintained a steady growth which has offset the slowdown in Seychelles and it is expected that Mauritius will witness a 3.5% growth in 2017.

View the complete report.

 

12 Jan 2017