{
  "id": 12591635,
  "title": "World Bank projects Africa’s per capita GDP growth at 1.8%, poverty at 47.8% in 2026",
  "url": "https://urgent.news/2026/10/07/world-bank-projects-africas-per-capita-gdp-growth-at-1-8-poverty-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T09:20:13.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/07/world-bank-projects-africas-per-capita-gdp-growth-at-1-8-poverty-at-47-8-in-2026/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The World Bank has projected that Sub-Saharan Africa's per capita GDP growth will reach 1.8% in 2026, but nearly half of the region's population will still be living in poverty, with the poverty rate expected to be 47.8%. Despite the World Bank raising its 2026 economic growth forecast for Sub-Saharan Africa by 0.3 percentage points to 4.3%, the projected improvement in income per person is insufficient to significantly enhance living standards. This is mainly due to households being exposed to conflict, declining development assistance, high debt-service costs, and climate shocks. Additionally, many poor households are concentrated in low-productivity informal activities and subsistence agriculture, limiting the extent to which overall economic growth translates into higher incomes. The absolute number of poor people is still increasing as population growth outpaces the modest decline in the poverty rate.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Dawn Business",
        "title": "Pakistan home to almost half of extremely poor population in Menaap region: World Bank report",
        "url": "https://urgent.news/2026/10/07/pakistan-home-to-almost-half-of-extremely-poor-population-in-menaap",
        "published": "2026-10-07T07:54:36.000Z"
      },
      {
        "outlet": "GBC Ghana",
        "title": "World Bank ranks Ghana cedi worst African currency in 2nd quarter amid geopolitical turmoil",
        "url": "https://urgent.news/2026/10/07/world-bank-ranks-ghana-cedi-worst-african-currency-in-2nd-quarter",
        "published": "2026-10-07T08:51:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}