Roundup: Africa's economy projected to grow 3.5 pct in 2024 amid multiple challenges


ADDIS ABABA, Jan. 25 (Xinhua) -- Economic growth in Africa is projected to remain modest in 2024 with geopolitical tensions, climate crisis and debt sustainability risks clouding the outlook, the United Nations (UN) World Economic Situation and Prospects (WESP) 2024 report said.

Launching the 2024 WESP report on Thursday in Addis Ababa, the capital of Ethiopia, Economic Affairs Officer of the United Nations Economic Commission for Africa (UNECA) Hopestone Chavula said the economic growth in Africa is projected to remain modest, increasing from an average of 3.3 percent in 2023 to 3.5 percent in 2024.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Britain's economy faces multiple headwinds: report
U.S. stocks close mixed
Catholics in US Army must not participate in firing squad, prominent archbishop says
Israel says deadly school trip blast likely caused by leftover Hezbollah bomb
Cyberattack on refrigeration systems hits French supermarkets: media
US hopes diesel deal can 'soften' Moscow on peace talks, sources say
Explainer: What pay raises, ice cream prices reveal about 2026 Nobel Prize in Economics
WTI crude futures settle higher
U.S. dollar ticks up
Train fire halts Madrid-Barcelona high-speed services

Others Also Read