IMF Predicts Slow 2023 Growth for 10 African Economies, With Equatorial Guinea at -6.2%
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The IMF released projections for African countries' GDP growth in 2023. The 10 countries with the lowest projections are listed.
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Equatorial Guinea has the lowest 2023 GDP growth projection at -6.2%. São Tomé and Príncipe has the second lowest at 0.5%.
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South Africa, Central African Republic, and Ghana also have low projections between 0.9-1.2%.
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The projections provide insight into Africa's economic trajectory and help countries craft policy.
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The IMF expects inflation to keep declining if central banks maintain restrictive stances. Global GDP per capita loss is not factored into projections.