In the previous news digest, I analysed the World’s economic titans this year while this edition provides an economic forecast for the oncoming year. We’re looking at some predictions for the oncoming year with the cover story titled “African Economies will Flourish in 2025” followed by Europe’s plan for war, Britain’s government and economy, US-Iran relations, and a separate section of world brief containing quick updates past 24 hours happened around the world encapsulated in 5 minutes.
Cover Story
In October the IMF described a “two-track growth pattern” in sub-Saharan Africa. On one track are most of the 23 countries with sizeable exports of non-renewable commodities such as oil, gold or diamonds. These include Angola, Nigeria and South Africa. As prices for their exports sagged, their GDPs per person have dropped in the past decade. Most resource-rich countries have also been focused more on dividing the spoils of the boom years than on using the proceeds to build resilient economies. On the other track – one of the faster average growth – are those countries less dependent on commodities.
Featured Image Credit – Visual Capitalist
About the Author
Anirudh Phadke is the Founder/Editor of The Viyug. He is currently serving as a Member of the Board of Studies (BoS) for the Department of Defence & Strategic Studies at the Guru Nanak College (Autonomous). He previously worked for International Criminal Police Organization (INTERPOL). Anirudh holds a Master of Science in Strategic Studies along with a Certificate in Terrorism Studies from S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University (NTU). He completed Bachelor’s degree in Defence & Strategic Studies from Guru Nanak College (Autonomous).
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