The 2024 Economic Outlook reports the African Development Bank (AfDB) and IMF released last month reveal that Africa remains the second fastest-growing region after Asia in 2024 and 2025. While the AfDB report predicts that African countries will register stronger growth rates in 2024 than in 2023, the IMF’s report reveals a costly and tepid recovery.
Additionally, the IMF notes that the performance of sub-Saharan Africa (SSA) economies in 2024 will be characterised by a mix of growth, stability, and challenges in fiscal balances, inflation rates, and debt management.
