Please follow and like us:
Africa is set to lead with eleven of the world’s 20 fastest-growing economies in 2024, according to the latest Macroeconomic Performance and Outlook report by the African Development Bank.
With real GDP growth projected to surpass global averages, countries like Niger, Senegal, and Rwanda are poised for significant economic expansion. However, President Akinwumi Adesina emphasizes the need for caution amidst global and regional risks, including geopolitical tensions and political instability.
While fiscal deficits have improved, uncertainties in the global economy could still impact Africa’s growth trajectory.
The report highlights the importance of larger financing pools and policy interventions to further boost the continent’s growth.
Please follow and like us:
