Analysis by Region - Emerging Markets - Guinea
Real GDP growth came in above our expectations at 7.1% in 2023, largely driven by robust growth in total fixed investment. We now project the Guinean economy to grow by 5.4% this year, higher than our previous estimate of 4.6%. Given the better-than-expected performance last year and the spillover effects from the Simandou iron ore mining project, we have also lifted our growth forecast over the medium term to 4.3% in 2025 and 4.2% in 2026.
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