Tag Archives: GDP growth

Namibia seeks to double GDP growth from oil and gas finds (FT)

Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds because of new offshore oil and gas finds, according to the southern African country’s mining and energy minister Tom Alweendo. Click here to read the full article

IMF projects improved growth for Africa but debt and limited taxes still prompt concern (AB)

Following a series of setbacks in recent years, including the pandemic, record inflation, tighter monetary policy, and escalating debt burdens, Africa’s economy is now rebounding. The International Monetary Fund (IMF) projects that the continent’s economic growth will reach 3.5% in 2024 and 4% in 2025. “Nearly two thirds of the countries on the continent are […]
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African nations dominate top 10 economic growth spots in 2024 (M0neyweb)

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. Their smaller size won’t be enough to make up for […]
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What is GDP and how is it measured? (BBC)

GDP – or Gross Domestic Product – is an important tool for judging how well, or badly, an economy is doing. It lets the government work out how much it can afford to tax and spend, and helps businesses decide whether to expand and hire more people. Click here to read the full article

Economic growth in G7 versus Brics: A reality check (M&G)

In the UK, the BBC prepared and published data from the International Monetary Fund (IMF) in January about various nations’ growth forecasts for 2023 and 2024. The BBC foregrounded some bad news for the UK. Of nine major industrial economies — the G7 (the UK, US, Canada, Japan, Germany, France and Canada), plus Russia and China — […]
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World economic outlook update, June 2020 (IMF)

As with the April 2020 WEO projections, there is a higher-than-usual degree of uncertainty around this forecast. The baseline projection rests on key assumptions about the fallout from the pandemic. In economies with declining infection rates, the slower recovery path in the updated forecast reflects persistent social distancing into the second half of 2020; greater […]
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