INSUBCONTINENT EXCLUSIVE:
This growth follows an estimated 3.3% increase in 2024.It is mainly driven by the services sector, particularly financial and
telecommunications services
Recent macroeconomic reforms have bolstered business confidence, and tighter monetary policies aim to combat rising inflation and stabilize
the naira.Economic Growth Projections for Major African Nations
(Photo Internet reproduction)The fiscal deficit has narrowed due to improved revenue from eliminating foreign exchange subsidies and
The anticipated decline in inflation should further stimulate domestic consumption and support the services sector.South AfricaSouth
The country struggles with persistent challenges such as energy supply issues and high unemployment rates
These rates stood at approximately 33.5% in mid-2024.Although inflation has moderated, the economy continues to face structural constraints
that hinder significant recovery
economy is expected to grow by 4.1% in 2025, following a projected growth of 2.4% in 2024
The International Monetary Fund (IMF) supports this outlook, citing increased private consumption driven by rising remittances.A gradual
decrease in inflation is also highlighted as a key factor
Sectoral growth is expected across communications, tourism, and construction, contributing positively to overall economic
performance.MoroccoMorocco anticipates steady economic expansion, with GDP growth projected at 3.2% in 2025, improving to 3.4% in 2026
economy is projected to grow by 4.5% in 2025, supported by robust performance in both hydrocarbon and non-hydrocarbon sectors
Key sectors such as industry, agriculture, and construction are expected to see significant growth rates.These sectors will contribute
positively to overall economic performance
The government plans substantial public spending while maintaining a focus on diversifying its economy away from hydrocarbons.These
projections reflect a mixed economic landscape across major African nations, highlighting both opportunities for recovery and persistent
challenges that require careful management through sound policies and reforms.
