Slower Economic Growth Projected for Sub-Saharan Africa in 2023

The World Bank's Africa Pulse report shows slowing economic growth in Sub-Saharan Africa in 2023.

28 of 48 Sub-Saharan African countries have lowered economic growth forecasts for 2023.

Factors contributing to slower growth include tight monetary and fiscal policies, debt distress, infrastructure constraints, and rising conflict.

Sudan has the lowest projected growth at -12%.

Additional countries with very low projected growth include Equatorial Guinea, South Sudan, São Tomé and Príncipe, and South Africa.