- The global economic recovery remains tepid, but it is expected to gradually strengthen going forward.
- Sub-Saharan African countries continue to grow at a strong pace, spurred by domestic demand and still high commodity prices. Economic prospects are tilted to the upside.
- Good progress has been made on a few MDGs, even though the region lags in achieving the development goals.
- More than a decade of strong growth has reduced poverty in Sub-Saharan Africa, but high inequality and resource dependence have dampened the poverty-reducing effect of income growth.
- Several opportunities—mineral wealth, elevated food prices, rapid urbanization and a demographic dividend—hold the promise of accelerating the income growth of the poorest groups, but appropriate policies are required to unleash this potential.
Please find attached the latest World Bank Pulse Report – World Bank Africa Pulse Report – April 2013