Africa’s Pulse 2019 is a biannual analysis of the near-term macroeconomic outlook for the region, published around the World Bank/IMF Spring and Annual meetings each April and October. This issue looks at how fragility is holding back sub-Saharan Africa, costing the region over half a percentage point of growth each year, and how the digital economy can help move the continent forward by unlocking inclusive growth and job creation.
Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017. Economic growth remains below population growth for the fourth consecutive year, and although regional growth is expected to rebound to 2.8 percent in 2019, it will have remained below three percent since 2015.
"The digital transformation can increase growth by nearly two percentage points per year and reduce poverty by nearly one percentage point per year in sub-Saharan Africa alone. This is a game-changer for Africa," said Albert Zeufack, World Bank Chief Economist for Africa.