AfDB, OECD predict 3.4% growth for Africa in 2017

The African Development Bank (AfDB) and The Organisation for Economic Co-operation and Development (OECD) have said that Africa’s economy will grow by 3.4 percent in 2017 with prospect of 4.3 percent growth in 2018.

The Reuters News Agency reports that the latest forecasts were presented at the sidelines of a G20 Africa summit in Berlin, both organisations forecast gross domestic product (GDP) to expand by 3.4 percent this year after 2.2 percent in the previous year.