https://sputnikglobe.com/20230403/botswana-mauritius-morocco-most-resilient-african-economies-report-says-1109063535.html
Botswana, Mauritius, Morocco Most Resilient African Economies, Report Says
Botswana, Mauritius, Morocco Most Resilient African Economies, Report Says
Sputnik International
In the new 2023 Country Risk Map, isssued by Allianz Trade, Morocco, Mauritius, and Botswana made up the top three African countries with the highest scores on the continent.
2023-04-03T08:45+0000
2023-04-03T08:45+0000
2023-04-03T08:45+0000
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In the new 2023 Country Risk Map, issued by Allianz Trade, Morocco, Mauritius, and Botswana were judged the top three African countries with the highest scores on the continent. Allianz Trade's ratings run from AA to D, with the latter indicating a risky business investment. The letter reflects the country's medium-term rating and the digit indicates the country's short-term rating (Country Risk Level).Botswana was rated BB1. Morocco managed to maintain an overall rating of B3, a rating it shares with Mauritius.The rest of Africa Elsewhere in the continent and lower down in the ratings came Nigeria (D3), South Africa (C3), Egypt (D4), and Algeria (C3). Two African nations - the Democratic Republic of the Congo and Angola - managed to boost their economic indicators, as Allianz Trade raised their ratings from to D3 from D4 in 2022.The forecastsThe barometer also offers its forecast of economic growth. According to this parameter, in 2023, global economic growth should fall to 2.2 percent, down from a growth rate of 3 percent in 2022.However, according to the credit insurer Allianz Trade, a rebound of 2.3 percent is expected for 2024.As for global inflation, it is expected to rise by 6.6 percent in 2023 and 4 percent in 2024.
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2023 country risk map, allianz trade, risk assessment, economic forecast, africa developes, african development, economic ratings, economic rating, economic growth, the democratric republic of the congo
2023 country risk map, allianz trade, risk assessment, economic forecast, africa developes, african development, economic ratings, economic rating, economic growth, the democratric republic of the congo
Botswana, Mauritius, Morocco Most Resilient African Economies, Report Says
Credit insurance company Allianz Trade has released its annual barometer naming the economies most resilient to the impact of such factors as inflation, adverse weather conditions, cybercrimes and others.
In the new 2023 Country Risk Map, issued by
Allianz Trade, Morocco, Mauritius, and Botswana were judged the top three African countries with
the highest scores on the continent. Allianz Trade's ratings run from AA to D, with the latter indicating a risky business investment. The letter reflects the country's medium-term rating and the digit indicates the country's short-term rating (Country Risk Level).
Botswana was rated BB1. Morocco managed to maintain an overall rating of B3, a rating it shares with Mauritius.
Elsewhere in the continent and lower down in the ratings came Nigeria (D3), South Africa (C3), Egypt (D4), and Algeria (C3).
Two African nations - the Democratic Republic of the Congo and Angola -
managed to boost their economic indicators, as Allianz Trade raised their ratings from to D3 from D4 in 2022.
The barometer also offers its forecast of economic growth. According to this parameter, in 2023, global economic growth should fall to 2.2 percent, down from a growth rate of 3 percent in 2022.
However, according to the credit insurer Allianz Trade, a rebound of 2.3 percent is expected for 2024.
As for global inflation, it is expected to rise by 6.6 percent in 2023 and 4 percent in 2024.
