Africa will account for eleven of the world’s 20 fastest growing economies in 2024, the african development bank group said in its latest macroeconomic performance and outlook (meo) of the continent released on friday. overall, real gross domestic product (gdp) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. this is higher than projected global. Africa will account for eleven of the world’s 20 fastest growing economies in 2024, the african development bank (afdb) group said in its latest macroeconomic performance and outlook (meo).
Africa dominates list of the world’s 20 fastest growing economies in 2024—african development bank says in macroeconomic report the report shows that the medium term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of africa’s economies. The continent is set to remain the second fastest growing region after asia. the top 11 african countries projected to experience strong economic performance forecast are niger (11.2%), senegal (8.2%), libya (7.9%), rwanda (7.2%), cote d’ivoire (6.8%), ethiopia (6.7%), benin (6.4%), djibouti (6.2%), tanzania (6.1%), togo (6%), and uganda at 6. Report forecasts stronger growth for africa in 2024, outpacing projected global average; continent is second fastest growing region after asia. africa will account for eleven of the world’s 20 fastest growing economies in 2024, the african development bank group said in its latest macroeconomic performance and outlook (meo) of the continent released on friday. overall, real gross domestic. Niger will be not only the third fastest growing economy in the world but also, surprisingly, the fastest growing in africa. following a coup d’état at the end of july 2023 , niger faced numerous economic sanctions , leading to its exit from the economic community of west african states (ecowas).
Comments are closed.