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“At the level of the West African Economic and Monetary Union, the IMF predicts an overall acceleration of economic activity in 2024, with a growth rate of 6.6% in the Union, compared with an estimated 4.9% in 2023. This 1 .5% growth acceleration is mainly driven by the dynamism of the hydrocarbon resources of the economies of Niger and Senegal, “reported a document sent to Abidjan.net on Friday.
In terms of budget execution within EU member states, the EU’s overall budget situation improved by 307.9 billion euros in the first quarter of 2024 compared with the same period in 2023, with a deficit of 141.34 billion, the document also pointed out.
In addition, we learned that in the first quarter of 2024, the EU (excluding Benin and Mali)’s commercial exchanges with the outside world showed an increase in sales and a decrease in purchases compared with the previous quarter, which were 4.5% and 12.7% respectively.
“Union exports (excluding Benin and Mali) and imports fell by 4.2% and 10.2% respectively compared to the same period in 2023… In Sub-Saharan Africa, the outlook is gradually improving, with economic activity moderate. Economic growth in the region is expected to increase from 3.4% in 2023 to 3.8% in 2024, with nearly two-thirds of countries expecting growth to increase.
L. Barrow
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