- According to the World Bank, the decline of the global economy can be altered by Sub-Saharan Africa.
- The World Bank has noted that if Sub-Saharan Africa does not reduce trade costs, the global economy will suffer.
- SSA, in particular, has the highest trade costs for agricultural items, which can cost up to 250% of the real tariff rates to trade.
The World Bank has cautioned that Sub-Saharan Africa (SSA) would need to slash trade costs by at least half to re-energize global commerce, which has been declining since mid-last year.
