Sierra Leone’s GDP growth is forecasted to rise from 4.1% in 2024 to 4.5% in 2025, driven by increased public sector wages and consumer purchasing power. However, risks such as currency depreciation and climate-related shocks may pose challenges to this growth. The analysis is provided by BMI, part of Fitch Solutions.
Sierra Leone’s economic outlook indicates that real GDP growth is expected to increase from an estimated 4.1% in 2024 to 4.5% in 2025. This growth is primarily driven by rising public sector wages and enhanced purchasing power among consumers, which are anticipated to bolster overall economic performance.
However, there are notable risks that could negatively impact this growth trajectory. These include factors such as a potential slowdown in the current disinflationary trend, possible currency depreciation, agricultural sector underperformance, and climate-related disruptions that may warrant a reduction in growth forecasts.
The commentary on Sierra Leone’s growth prospects originates from BMI, a division of Fitch Solutions. It is crucial to note that these forecasts and opinions are independent of Fitch Ratings’ credit evaluations.
Ownership and copyright of the content are retained by Fitch Solutions Group Limited, headquartered in London, UK, ensuring that all information is proprietary and confidential.
In summary, Sierra Leone is poised for economic growth, with an expected GDP increase to 4.5% in 2025. This positive outlook is supported by improvements in public sector wages and consumer purchasing power, although significant risks such as potential currency fluctuations and agricultural challenges remain. Continuous monitoring of these factors will be essential to accurately forecast future economic performance.
Original Source: www.fitchsolutions.com
