Photo: A view from King George VI Street at Arat Kilo District, Addis Ababa, capital of the the third fastest-growing economy in the world.
The IMF has just published its latest World Economic Outlook, including a downward revision to its earlier global growth forecasts for 2019 to 3.3%.
So, where is the fast growth coming from? Africa mostly, but also South and Southeast Asia.
Here are the Top Ten fastest (forecast) growth economies for 2019 as tabulated by the New Silk Road Monitor from the IMF WEO report (Note: there’s more than 10 because of a few ties)
The Top Ten Fastest Growing Economies – 2019
- Ghana, South Sudan Tie – 8.8%
- Rwanda – 7.8%
- Ethiopia – 7.7%
- Cote D’Ivoire – 7.5%
- India, Bangladesh Tie – 7.3%
- Senegal – 6.9%
- Cambodia – 6.8%
- Lao PDR, Djibouti Tie – 6.7%
- Nepal, Philippines, Vietnam, Benin, Niger Tie – 6.5%
- Mauritania, Myanmar Tie – 6.4%
The Next Ten (11-20) Fastest Growing Economies – 2019
- China, Turkmenistan, Uganda Tie – 6.3%
- Burkina Faso, Panama Tie – 6.0%
- Guinea – 5.9%
- Kenya – 5.8%
- Egypt – 5.5%
- Republic of Congo – 5.4%
- Indonesia, Malta Tie – 5.2
- Dominican Republic – 5.1%
- Central African Rep, Togo, Tajikistan, Guinea Bissau, Timor Leste, Mali – 5%
- Bhutan – 4.8%
Note: Countries with population under 100,000 people not included here. This excludes the island nation of Dominica, expected to post 8% growth, and Cabo Verde at 5%.
