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World Bank raises growth forecasts for Africa and South Asia
The World Bank has revised its economic outlook for several regions. In Sub-Saharan Africa, growth is projected to accelerate to 4.3% in 2026, up from 4.1% in 2025. This upward revision applies to nearly three-quarters of the region's countries, including Nigeria, Angola, Ethiopia, and Zambia. However, officials warn that this growth may not be sufficient to reduce extreme poverty or create enough jobs for the rapidly growing population. Additionally, median inflation in the region is expected to rise to 5.5% in 2026 due to higher costs for fuel and food.
In South Asia, the World Bank projects economic growth of 6.9% this year, driven by strong domestic demand and remittances. Despite this resilience, risks such as high energy prices and potential weather shocks like El Niño remain.
In India, the Reserve Bank of India (RBI) has raised its benchmark repo rate by 25 basis points to 5.50% and shifted its monetary policy stance from neutral to calibrated tightening. This move aims to combat persistent inflationary pressures, which are expected to remain above target due to food and fuel costs. The RBI also raised its retail inflation forecast for the 2026-27 fiscal year to 5.2%.
In Benin, the World Bank anticipates robust growth, projecting rates of 8.1% in 2025, 7.8% in 2026, and 7.7% in 2027, supported by infrastructure investments and price stability.
Entities
Andrew Dabalen · Benin · Bernstein Research · India · Nigeria · Paul Procee · Reserve Bank of India · Sanjay Malhotra · South Asia · Sub-Saharan Africa · World Bank
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] South Asia's economic growth is projected to reach 6.9% in 2026. srilankachronicle.com · hindi.newsbytesapp.com
- [● 6 SOURCES] El Niño and high energy prices pose risks to economic growth in South Asia and Africa. srilankachronicle.com · www.india.com · thefederal.com · thekashmirimages.com · www.deccanchronicle.com
- [● 6 SOURCES] Strong domestic demand and exports are the primary drivers of India's economic growth. www.deccanchronicle.com · www.india.com · srilankachronicle.com · thefederal.com · thekashmirimages.com
- [● 8 SOURCES] The World Bank raised India's FY27 GDP growth forecast to 7.1% from a previous 6.6% estimate. odishabytes.com · www.deccanchronicle.com · www.india.com · hindi.newsbytesapp.com · thekashmirimages.com · +1 more
- [● 2 SOURCES] Public debt in Sub-Saharan Africa has stabilized at approximately 57% of GDP. www.ecofinagency.com
- [● 5 SOURCES] India's GDP grew by 7.8% in the first quarter of FY27. odishabytes.com · thekashmirimages.com
- [● 2 SOURCES] India's private AI investment increased from $1.2 billion in 2024 to $4.1 billion in 2025. www.deccanchronicle.com · thefederal.com
- [● 7 SOURCES] Sub-Saharan Africa's economic growth is projected to reach 4.3% in 2026. norvanreports.com · www.ecofinagency.com · thepodiummedia.com · blueprint.ng · newtelegraphng.com
- [● 3 SOURCES] Nigeria's economic growth is projected to be 4.3% in 2026. thepodiummedia.com · blueprint.ng · newtelegraphng.com
- [● 2 SOURCES] Benin's GDP is projected to grow by 8.1% in 2025, 7.8% in 2026, and 7.7% in 2027. ouagadirect.com · voixdufaso.info
- [● 3 SOURCES] The MPC raised the repo rate by 25 basis points to 5.50 percent from 5.25 percent. sanmarg.in
- [● 4 SOURCES] The RBI has projected consumer price index based inflation for the current fiscal year at 5.2 percent. www.bhaskarhindi.com · businessnewsweek.in · sanmarg.in