IMF Report Forecasts Slow Economic Growth for Several African Nations Through 2024
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Equatorial Guinea has the lowest projected economic growth in 2024 at -5.5%.
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The projections are from the International Monetary Fund's World Economic Output report.
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Other African countries with low projected growth include Sudan, South Africa, Tunisia, and Lesotho.
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Factors like political instability, debt burdens, inadequate infrastructure, and reliance on few sectors contribute to slow growth.
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Global inflation is expected to decrease from 2022-2024 due to tighter monetary policies and lower commodity prices.