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World Bank ups Africa's 2026 growth forecast
The World Bank has raised its forecast for the economic growth of Sub-Saharan Africa in 2026 to 4.3%, noting that the region has performed strongly despite global challenges such as rising energy prices and conflicts in the Middle East. This improvement reflects confidence in the results of structural reforms in the continent’s largest economies, although there has been no significant reduction in poverty rates due to weak growth in per capita income. The report warned of risks from ongoing geopolitical tensions, the impact of climate change, and rising interest rates, while urging governments to invest in artificial intelligence to boost productivity and create job opportunities.
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