{"id":12993,"date":"2017-05-09T15:01:51","date_gmt":"2017-05-09T14:01:51","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12993"},"modified":"2017-05-09T15:01:51","modified_gmt":"2017-05-09T14:01:51","slug":"sub-saharan-africa-economy-to-recover-slightly-in-2017-imf","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/","title":{"rendered":"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF"},"content":{"rendered":"<p>Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund said on Tuesday.<\/p>\n<p>The slight rebound will be driven by a recovery in oil production in Nigeria, higher public spending ahead of elections in Angola, and the fading of drought effects in South Africa, the IMF said in its regional economic outlook.<\/p>\n<p>However, resource-rich Nigeria, Angola and Central Africa\u2019s six-nation CEMAC bloc are still struggling to deal with the losses caused by low oil prices, the IMF said.<\/p>\n<p>\u201cThe overall weak outlook partly reflects insufficient policy adjustment,\u201d said Abebe Aemro Selassie, Director of the IMF\u2019s African Department, adding that this was holding back investment.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>In non-oil producers such as Ivory Coast, Kenya, and Senegal, growth is expected to remain strong at over five per cent but vulnerabilities such as rising public debt are starting to emerge, it said.<\/p>\n<p>For a decade, sub-Saharan African economic growth of around five per cent drew in foreign investment but that is drying up with economic growth now barely keeping up with population growth.<\/p>\n<p>The World Bank also expects growth of 2.6 per cent this year, expanding to 3.2 per cent in 2018 and 3.5 per cent a year later. (Reuters\/NAN)<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund said on Tuesday. The slight rebound will be driven by a recovery in oil production in Nigeria, higher public spending ahead of elections &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":12994,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[573],"coauthors":[2392,2393],"class_list":["post-12993","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-imf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF - National Wire\" \/>\n<meta property=\"og:description\" content=\"Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund said on Tuesday. The slight rebound will be driven by a recovery in oil production in Nigeria, higher public spending ahead of elections &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-09T14:01:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/IMF.png\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/IMF.png\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/IMF.png\",\"width\":620,\"height\":350},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/\",\"name\":\"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/#primaryimage\"},\"datePublished\":\"2017-05-09T14:01:51+00:00\",\"dateModified\":\"2017-05-09T14:01:51+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/sub-saharan-africa-economy-to-recover-slightly-in-2017-imf\/","og_locale":"en_US","og_type":"article","og_title":"Sub-Saharan Africa economy to recover slightly in 2017 \u2013IMF - National Wire","og_description":"Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund said on Tuesday. 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