Sierra Leone’s real GDP growth is expected to increase from 4.1% in 2024 to 4.5% in 2025, supported by higher public sector wages and improved consumer purchasing power. Nonetheless, certain risks could negatively affect this forecast, including possible currency depreciation and challenges in the agricultural sector.
Sierra Leone is projected to experience an increase in real GDP growth, estimated to rise from 4.1% in 2024 to 4.5% in 2025. This acceleration is largely attributed to rising public sector wages and enhanced purchasing power among consumers, which are expected to positively influence headline growth.
Despite this optimistic outlook, substantial risks remain that could adversely impact growth projections. Potential factors include slowed disinflation trends resulting from currency depreciation, the underperformance of the agricultural sector, or climate-related shocks. Any of these issues could necessitate a downward revision of the growth forecasts.
In conclusion, Sierra Leone’s economic growth is anticipated to accelerate in 2025, driven by increased private consumption fueled by rising public sector wages. However, caution is warranted due to potential risks such as currency fluctuations and environmental factors that could hinder overall progress.
Original Source: www.fitchsolutions.com
