Sub-Saharan Africa experienced a slowdown in investment growth from nearly 8% in 2014 to 0.6% in 2015, according to the new Africa’s Pulse, a biannual analysis of the state of African economies conducted by the World Bank. This sluggish investment has coincided with a sharp deceleration in economic growth in Africa.
Since 2000, Zimbabwe has been under some pressure to provide more fully for its children. It is not clear whether child poverty has worsened, although AIDS, drought, and economic mismanagement have all compromised poverty reduction.
Developing Asia has continued to perform well, even as recovery in the major industrial economies remains weak. The region is forecast to expand by 5.7% in 2017 and 2018, nearly the 5.8% growth achieved in 2016. Decades of rapid growth transformed developing Asia from a low-income region to middle income.
In early 2016, Zika was declared a Public Health Emergency of International Concern due to its association with a surge of birth defects. Zika has since spread throughout Latin America and the Caribbean, with local transmission also reported in parts of the USA, Asia and Africa.
Despite the recent slowdown of the global economy and the weakening of Africa’s economic performance with the attendant implications for inclusion and sustainability, the long term growth outlook for Africa remains promising.
India ranked 87th among the surveyed 127 countries on a Global Energy Architecture Performance Index (EAPI) released as part of report of Geneva- based World Economic Forum (WEF). EAPI is a composite index developed by WEF in collaboration with Accenture Strategy.