1. The Resilience of Growth Amid Global Shocks
Despite persistent inflationary pressures and high debt costs, Africa's economic performance in 2024 showed significant resilience. Real GDP growth rose from 3.0% in 2023 to 3.3% in 2024, and it is projected to strengthen to 3.7% in 2025.
Driving Forces: Growth is largely buoyed by strong government spending and private consumption.
Regional Leaders: East Africa remains the fastest-growing region, with Rwanda recording over 11% expansion and Tanzania and Uganda showing robust growth rates of 6.4% and 8% respectively.
The Fragility Factor: This growth remains vulnerable to "geopolitical fragmentation," regional conflicts in the Sahel and Horn of Africa, and the intensifying impacts of climate change on agriculture.
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