Macro - Country Economic Forecasts - Sudan

Macro - Country Economic Forecasts - Sudan

The ceaseless war in Sudan is forecast to trigger the country's seventh consecutive annual economic contraction this year. After about 16 months of war, global governments released condemnation statements and sanctioned individuals and companies related to dealings with the Sudanese Armed Forces (SAF) and Sudan's main paramilitary group, the Rapid Support Forces (RSF). Consequently, foreign support remains inadequate. All industries of the economy have suffered great financial losses on account of economic sabotage to crucial infrastructure such as telecommunications and transport routes, while aid officials continue to request additional funds and a safe passage of basic goods. Nonetheless, the impact of the war is expected to be less severe than before. We forecast real GDP to contract by 7.5% in 2024, following a 12.0% contraction in 2023.