Mozambique ranks among the countries with a favorable economic growth rate. According to International Monetary Fund (IMF)The Democratic Republic of Congo (DRC), Niger, Rwanda and South Sudan, the island nations of Seychelles and Mauritius, are expected to be the fastest growing economies in sub-Saharan Africa this year.

Each of these countries could see a growth in Gross Domestic Product (GDP) of six percent or more this year.

Next year, the region's best economic performance should be seen in Senegal (8.1%), the DRC (6.7%), Rwanda (6.7%), Ivory Coast (6.5%), Benin (6.2%) and Togo (6.2%).

The table below shows the IMF's GDP growth projections for each sub-Saharan African country:

According to the IMF, the region was experiencing a good economic recovery post-Covid-19, but it was abruptly interrupted. Last year, economic activity in the region recovered, bringing GDP growth in 2021 to 4.7%.

This year global growth is expected to slow by more than one percentage point to 3.6%, as the world also declines and the sub-Saharan region suffers the effects of rising prices on the international market.

An intensification of the war in Ukraine or prolonged restrictions on Russian exports could contribute to the chaos seen last year, putting additional upward pressure on food and energy prices in sub-Saharan Africa, exacerbating food affordability problems for the most vulnerable populations, and fueling social tensions. In addition, an escalation of geopolitical tensions between Russia and Western countries could also increase the risk of global aversion and increase borrowing costs for the region, especially for countries with weaker fiscal positions.