UN projects Africa’s economic growth rate to increase in 2024

The United Nations (UN) has projected Africa’s growth rate to slightly increase from 3.3 per cent in 2023 to 3.5 in 2024, while global growth is expected to slow down.

Global growth is expected to slow down from 2.7 per cent in 2023 to 2.4 per cent in 2024.

This is according to the UN’s World Economic Situation and Prospects (WESP) report for 2024 launched in New York on Thursday.