According to itss recently released World Economic Update for January 2024, Global growth is expected to reach 3.1% in 2024 and 3.2% in 2025. In Africa’s case, the fund notes that “growth is projected to rise from an estimated 3.3 percent in 2023 to 3.8 percent in 2024 and 4.1 percent in 2025,” in Sub-Sahara Africa. This positive momentum is attributed to the waning impact of previous weather shocks and a gradual improvement in supply chain challenges. Simply put, the primary driver behind Africa’s economic resurgence is the resilience and adaptability of its nations in overcoming adverse climatic conditions. For the world’s economic recovery, the IMF stated in its report; “with disinflation and steady growth, the likelihood of a hard landing has receded, and risks to global growth are broadly balanced. On the upside, faster disinflation could lead to further easing of financial conditions.
Thursday, October 30, 2025 - 10:27:06
Columbus, United States | 8°C | Moderate rain
