This edition of Economy Watch looks at growth forecasts for the world and the region. The IMF’s quarterly update of its World Economic Outlook sets its growth forecast at 3.9%. Growth predictions for the EU and USA have been revised upward. A slight upward revision was also seen for Sub-Saharan Africa, with growth projected at 3.4%.
The report also discusses the African Continental Free Trade Area Agreement, which was signed by 44 African states in late March (Namibia did not sign). The agreement seeks to increase trade among African countries by removing customs duties on most products.