Africa maintains high economic growth rates
The July 2026 IMF World Economic Outlook projects global growth of 3.0%, while forecasting Sub-Saharan Africa to expand by 4.3% in 2026 (4.5% in 2025).
While the regional outlook remains relatively strong, the Fund expects performance to diverge increasingly between energy exporters and import-dependent economies.
Oil importing countries face the most serious challenges. Higher fuel and food prices are expected to reduce household incomes, increase inflationary pressures and limit budget flexibility.
In contrast, several resource-rich African countries would benefit from higher commodity prices. For example, Nigeria's economy will grow by 4.1% in 2026, driven by higher oil revenues and earlier macroeconomic reforms.
INTERNATIONAL MONETARY FUND
