IMF OUTLOOK: SOUTH AFRICA POISED TO OVERTAKE NIGERIA AS AFRICA’S LARGEST ECONOMY
Faith Nyasuguta The International Monetary Fund (IMF) forecasts that South Africa will briefly surpass Nigeria and Egypt to become Africa’s largest economy in 2024. The IMF’s latest World Economic Outlook (WEO) projects South Africa’s Gross Domestic Product (GDP) to reach $401 billion at current prices in 2024, outpacing Nigeria’s $395 billion and Egypt’s $358 billion. […]
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