15 African Countries with the Potential to Develop Soon and Become a First World Nation [Yahoo! Finance]
SHOPRITE HLDGS LTD S/ADR (SRGHY)
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Source: Yahoo! Finance
You can skip our detailed analysis of the African economy and see the 5 African Countries with the Potential to Develop Soon and Become a First World Nation Economic Outlook of Africa Africa is an extremely diverse continent, rich in natural resources. Sub-Saharan Africa encompasses low, lower-middle, upper-middle, and high-income countries, of which 22 are affected by conflicts, and 13 are small states with limited human capital and land area. However, the region houses the largest free trade area in the world, and its market of 1.2 billion people holds the potential to pave an innovative development path by employing its resources and people. According to the International Monetary Fund (IMF), the sub-Saharan economy is on the path to recovery after four turbulent years. The region is anticipated to undergo a growth of 3.2% in 2024, up from 3.4% in 2023. The growth rate for around two-thirds of African countries is expected to be even higher. These trends of economic recovery
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