10 African countries with the highest GDP growth forecast in 2024 – IMF


In 2023, Africa dealt with some serious economic challenges that shook the continents development. The ups and downs in global commodity prices, political events, supply and demand changes, and economic uncertainties, made a bunch of countries vulnerable to external shocks.

But there is a silver lining. Africa’s economic outlook is looking up, and it’s expected to bounce back in 2024, according to the International Monetary Fund (IMF). The IMF predicts that six out of the top-10 performing economies worldwide in 2024 will be from Sub-Saharan Africa.

The IMF sees regional growth improving moderately to 4% in 2024 from 3.3% in 2023.

Below are 10 African countries with the highest GDP growth forecast in 2024 according to the IMF:

Rank

Country

GDP 2024 growth forecasts

1

Ivory Coast

6.6%

2

Ethiopia

6.2

3

Tanzania

6.1

4

Uganda

5.7

5

Kenya

5.3

6

DRC

4.7

7

Angola

3.3

8

Nigeria

3.1

9

Ghana

2.7

10

South Africa

1.8



This article was originally published by a africa.businessinsider.com . Read the Original article here. .