The World Bank analyzed the economic development prospects of sub-Saharan Africa.

Economic growth in the region is expected to be 3.4% in 2024 and 3.8% in 2025 (2.6% in 2023). The economic recovery is driven by increased consumer activity and decreased inflation.

Average inflation is forecast to decline from 7.1% in 2023 to 5.1% in 2024 and 5% in 2025–26. Key headwinds include the normalization of global supply chains, lower commodity prices, and the positive effects of monetary tightening and fiscal consolidation. Despite the positive dynamics, 80% of African countries have inflation rates above pre-pandemic levels.

Experts note an increase in the efficiency of budget expenditures in 31 of the 46 countries in the region.

Average budget deficit in the region in 2023–2024 will decrease from 3.8% to 3.5% of GDP, incl. thanks to fiscal consolidation measures and debt restructuring. Government debt in sub-Saharan Africa will fall from 61% of GDP in 2023 to 57% of GDP in 2024. However, the risk of a debt crisis remains high.