In considering the accuracy of the economic and political risk predictions that were made at the end of 2023 for the new year, BMI’s sub-Saharan Africa Country Risk team has found that most of the situations played out as predicted, with two more having partially occurred. BMI predicted that headline growth globally would accelerate with some underlying challenges persisting. Considering GDP data from the first quarter of the year, global growth has held up well at 2.5%, driven by Asian countries such as India, Vietnam, Mainland China and Japan.
