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Macro - Country Economic Forecasts - Rwanda

Publisher Oxford Economics
Published Jan 24, 2025
Length 6 Pages
SKU # OFE19593697

Description

Economic growth in Rwanda will likely lose momentum this year following a surprisingly better performance in 2024. We forecast real GDP to grow by 7.2% in 2025, following an estimated expansion of 8.7% last year. Below-average rainfall is predicted over H1 2025, which could diminish crop harvests with a concomitant increase in Rwanda's food import requirements. As a result, we expect agricultural output and exports to decline this year. There is also the risk that consumer spending could decelerate and trade relations with the East African Community members (Rwanda's largest export market) could deteriorate, with an uncertain economic recovery in key export destination China weighing in.

Table of Contents

6 Pages
Rwanda: Economic growth to be eclipsed by a stellar 2024
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic developments
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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