African nations dominate top 10 economic growth spots

Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light.

Six of the top-10 performing economies in the world are forecast to come from Sub-Saharan Africa in 2024, according to the International Monetary Fund (IMF).

Their smaller size will not be enough to make up for less-stellar performances by South Africa and Nigeria, which together account for two-fifths of Africa’s US$2 trillion economy. But collectively, they are helping to make a difference in a region that remains severely challenged by poverty and inequality.

"Sub-Saharan Africa's growth prospects are brightening,” said Bloomberg Africa Economist Yvonne Mhango. "Eight of the region’s top-10 biggest economies – which together account for another 40% of regional GDP – will grow by a strong 5% on average."

Read more at https://www.bangkokpost.com/business/general/2720936

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