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2024 could mark a turning point for sub-Saharan Africa after four challenging years of shocks. We project that growth will increase to 3.8% in 2024, up from 3.4% last year. Abebe Aemro Selassie, Director of the IMF's African Department, presents our analysis in the latest Regional Economic Outlook. https://www.imf.org/en/Publications/REO/SSA/Issues/2024/04/19/regional-economic-outlook-for-sub-saharan-africa-april-2024?cid=sm-com-fb-SM2024-REOAFREA2024001 | IMF Africa
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Press briefing by IMF African Department Director Abebe Aemro Selassie on the economic outlook for sub-Saharan Africa. http://imf.org/AfricaREO | IMF Africa
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East Africa's Economic Powerhouses: A Promising Outlook East Africa is poised to lead Africa's growth surge, with the region's economies projected to expand at a robust pace in the coming years. According to the latest data, the region's GDP growth is expected to accelerate to 5.1% in 2024 and 5.7% in 2025. This growth acceleration is driven by the strong economic performance of several key East African nations. Seven economies in the region are forecast to grow by 5% or more in 2024, including:
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We downgraded our 2024 forecast for economic growth in the Middle East and North Africa to 2.9% (from 3.4% in our October forecast) to reflect primarily the conflict in Gaza and Israel and oil production cuts by several oil exporters. The IMF's Jihad Azour explains. | IMF Middle East and North Africa | Facebook
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