World Bank cuts Sub-Saharan Africa growth forecast

Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank says, marginally slower than it previously forecast but faster than last year thanks to rising commodity prices. Pascale Davies reports......»»

The World Bank has cut the economic growth rate of Sub-Saharan Africa to 2.8 percent this year, as the region again fails to meet expected targets. Sam Holder reports......»»

Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank says, marginally slow.....»»

Sub-Saharan Africa, the world’s largest rice-importing region, could be heading from a health crisis straight into a food security crisis, the World Bank warns, while domestic crops go rotten amid lockdown measures. Ciara Lee reports.....»»

Sub-Saharan Africa, the world’s largest rice-importing region, could be heading from a health crisis straight into a food security crisis, the World Bank warns, while domestic crops go rotten amid lockdown measures. Ciara Lee reports.....»»

The Organization of the Petroleum Exporting Countries in its monthly report, said Wednesday that it expects growth in world demand for crude to grow by 990,0.....»»

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The international body said world merchandise trade volumes are now only expected to rise by 1.2 percent this year — markedly slower than the 2.6 percent growth forecast in April......»»

The international body said world merchandise trade volumes are now expected to only rise by 1.2 percent this year — markedly slower than the 2.6 percent growth forecast in April......»»

OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude......»»

CNBC Transcript: World Bank President David Malpass Speaks with CNBC‘s “Squawk Box” Today WHEN: CNBC’s “Squawk Box” WHERE: Today, Mon.....»»

The Canadian dollar on Wednesday fell as much as 0.7% after the Bank of Canada, as expected, left interest rates unchanged, but abandoned its mild tightening bias and .....»»

The World Bank’s primary goal of ending extreme poverty by 2030 is in jeopardy due to current trends in sub-Saharan Africa, said new World Bank President David Malpass, on Thursday......»»

World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday......»»

World trade will slow more sharply than previously expected this year and next, as global tariffs rise, the World Trade Organization said......»»

The International Monetary Fund has cut its global economic growth forecasts for 2018 and 2019, saying that the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows. David Pollard reports......»»

OPEC cut its forecast for 2019 world oil demand on Tuesday, citing slowing economies and expectations of faster supply growth from rivals......»»

TSMC's trimmed forecast shows that the chip industry is still in recovery mode, and that demand is slowing. VCG/VCG via Getty Images TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call. The dimmed out.....»»

Bank of America raised Microsoft's earnings estimate by 1% above its $60.5 billion Q3 revenue forecast, citing sustained Azure strength. Drew Angerer/Getty Images Bank of America raised its Microsoft earni.....»»

Worsening shortages of notebook-use chips and components has prompted Taiwan's ODM Pegatron to revise downward its sequential shipment growth forecast for the second quarter to 5-10% from 25-30%......»»