UN Forecasts Economic Struggles for 10 African Countries in 2024
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The UN forecasts 10 African countries will have low economic growth in 2024, with Sudan projected to have -10.5% growth.
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Low projections indicate financial struggles and can reduce business investment and consumer spending.
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This creates a difficult environment for companies, especially SMEs trying to access capital.
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Beyond finances, low economic forecasts have implications for a country's overall wellbeing.
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While projections are predictions, they are data-driven and often materialize, impacting confidence and skepticism about the economy.