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Published 16 days ago

South Africa to overtake Nigeria as Africa’s biggest economy - Daily Trust

Summary by Daily Trust

South Africa is set to clinch the top as Africa’s biggest economy, a forecast from the International Monetary Fund (IMF) has shown. Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind South Africa after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outloo…

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South Africa to overtake Nigeria as Africa’s biggest economy - Daily Trust

South Africa is set to clinch the top as Africa’s biggest economy, a forecast from the International Monetary Fund (IMF) has shown. Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind South Africa after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outloo…

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