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Tanzania imeorodheshwa miongoni mwa Nchi 10 ambazo Uchumi wake utakua zaidi na kusaidia Bara la Afrika yaani Sub-Saharan Afrika.
Taarifa iliyotpkewa na WB imesema Uchumi wa Afrika utapungua kidogo Kwa sababu ya vita vya Sudan kinyume na makadirio ya awali
My Take: Tanzania ya Mama Samia imeendelea kuwa Nchi muhimu sana hapa Africa.
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Last year presented economic challenges to several African countries owing to both internal and external complications, including the war in Ukraine. However, with the start of 2024, many African countries were projected to experience some level of economic recovery. This is despite soaring interest rates globally and growing geopolitical tensions.
According to the June 2024 Global Economic Prospects report, by the World Bank, countries considered to be developing economies are expected on average to experience a 4% increase in economic growth between 2024 and 2025.
Growth in low-income economies is predicted to rise to 5% in 2024, up from 3.8% in 2023.
However, growth predictions for 2024 have been downgraded in three of the four low-income economies since January.
In a nutshell, growth is expected to pick up across the Middle East and North Africa, as well as Sub-Saharan Africa, though rather slowly than previously predicted.
The report notes that this growth particularly in Sub-Saharan Africa (SSA) would be fueled by a pick up in domestic demand.
In North Africa, the growth is projected to be accelerated off the heels of its oil production. This growth is expected for countries under the MENA region.
Sub-Saharan Africa's (SSA) growth rate slowed to less than 3% in 2023. Three of some of the continent's largest economies; Angola, Nigeria, and South Africa continued to expand at a slow pace, limiting overall growth.
Earlier in 2024, private sector activity increased alongside a growing global economy.
At the same time, several of the region's economies continue to suffer with poor government balance sheets, which are caused in part by inadequate revenue collection and high debt-service costs, while others must deal with the negative consequences of currency devaluation.
Nevertheless, the continent’s overall economic outlook for 2024, is better than what it experienced last year according to the World Bank’s revised report.
Source: Business Insider
Taarifa iliyotpkewa na WB imesema Uchumi wa Afrika utapungua kidogo Kwa sababu ya vita vya Sudan kinyume na makadirio ya awali
My Take: Tanzania ya Mama Samia imeendelea kuwa Nchi muhimu sana hapa Africa.
=========
Last year presented economic challenges to several African countries owing to both internal and external complications, including the war in Ukraine. However, with the start of 2024, many African countries were projected to experience some level of economic recovery. This is despite soaring interest rates globally and growing geopolitical tensions.
According to the June 2024 Global Economic Prospects report, by the World Bank, countries considered to be developing economies are expected on average to experience a 4% increase in economic growth between 2024 and 2025.
Growth in low-income economies is predicted to rise to 5% in 2024, up from 3.8% in 2023.
However, growth predictions for 2024 have been downgraded in three of the four low-income economies since January.
In a nutshell, growth is expected to pick up across the Middle East and North Africa, as well as Sub-Saharan Africa, though rather slowly than previously predicted.
The report notes that this growth particularly in Sub-Saharan Africa (SSA) would be fueled by a pick up in domestic demand.
In North Africa, the growth is projected to be accelerated off the heels of its oil production. This growth is expected for countries under the MENA region.
Sub-Saharan Africa's (SSA) growth rate slowed to less than 3% in 2023. Three of some of the continent's largest economies; Angola, Nigeria, and South Africa continued to expand at a slow pace, limiting overall growth.
Earlier in 2024, private sector activity increased alongside a growing global economy.
At the same time, several of the region's economies continue to suffer with poor government balance sheets, which are caused in part by inadequate revenue collection and high debt-service costs, while others must deal with the negative consequences of currency devaluation.
Nevertheless, the continent’s overall economic outlook for 2024, is better than what it experienced last year according to the World Bank’s revised report.
Source: Business Insider
