Despite steering clear of severe market turbulence amid post-pandemic challenges and geopolitical shifts, Africa faces a complex economic landscape in 2024.
Growth prospects are subdued by instability, lacklustre performance in major economies, and a backdrop of global economic uncertainty. In 2023, economic growth on the continent decelerated to 2.5%, and while a modest improvement is forecast at about 4% in 2024, it remains below pre-pandemic growth levels.
The shadow of debt also looms large, with many countries grappling with high external debt risk or already entrenched in debt-related issues. Still, glimmers of optimism are apparent: inflation is expected to recede, and prudent macroeconomic policies are bolstering fiscal balances in key markets. In this session, speakers will take stock of Africa's economic outlook, discussing and debating key trends and opportunities that investors need to consider in 2024 and beyond.
Speakers:
Managing Director - Global Sovereign & Subsovereign Risk | Moody’s Ratings