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Economic growth in the world in 2024: African countries in the Top 20 of the strongest countries

19/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The African Development Bank Group indicated in the latest edition of its report “Africa's Macroeconomic Performance and Prospects” published on Friday that Africa will have eleven of the twenty countries with the strongest economic growth in the world in 2024.

Africa is expected to remain the second fastest growing region after Asia. Real gross domestic product (GDP) growth on the continent is expected to average 3.8% this year and 4.2% in 2025. According to the report, these figures are above the global averages estimated at 2.9% and 3.2%. The top eleven African countries, which are expected to have solid economic performances in 2024, are Niger (11.2%), Senegal (11.2%), Senegal (8.2%), Rwanda (7.2%), Ivory Coast (6.8%), Ethiopia (6.8%), Ethiopia (6.8%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Ethiopia (6.7%), Benin (6.7%), Benin (6.4%), Benin (6.4%), Benin (6.4%), Benin (6.4%), Benin (6.4%), Djibouti (6.2%), Tanzania (6.1%), Togo (6%), Togo (6%), Togo (6%), Togo (6%)), and Uganda (6%)

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The improvement in growth figures for this year reflects the concerted efforts of policymakers on the continent to pursue economic diversification strategies that focus on increasing investments in key growth sectors, as well as on implementing national policies aimed at consolidating fiscal positions. ; to silence, to reverse the increase in the cost of living and to stimulate private consumption.

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