{"id":47846,"date":"2023-04-12T07:43:46","date_gmt":"2023-04-12T07:43:46","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-s-economy-is-expected-to-grow-by-6-2\/"},"modified":"2023-04-13T16:11:13","modified_gmt":"2023-04-13T16:11:13","slug":"rwanda-s-economy-is-expected-to-grow-by-6-2","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-s-economy-is-expected-to-grow-by-6-2\/","title":{"rendered":"Rwanda\u2019s economy projected to grow by 6.2% in 2023"},"content":{"rendered":"<p>The country had experienced a decline of -3.4% in 2020 due to the impact of the COVID-19 pandemic. In 2021, the economy rebounded strongly with a growth rate of 10.9%, followed by a growth rate of 6.8% in 2022.<\/p>\n<p>The report highlights the challenging global economic conditions, including the COVID-19 pandemic, the cost-of-living crisis, and geopolitical tensions such as Russia&#8217;s invasion of Ukraine, which are likely to affect the global growth rate. <\/p>\n<p>As a result, the global growth rate is projected to slow down from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023.<\/p>\n<p>However, the IMF report states that inflationary pressures are expected to ease in Rwanda, with the Consumer Price Index expected to reduce from 13.9% in 2022 to 8.2% by the end of 2023 and 5.0% in 2024. <\/p>\n<p>This is good news for the country, as high inflation can have a negative impact on economic growth and the standard of living of the people.<\/p>\n<p>While Rwanda&#8217;s economy is expected to experience a slowdown in growth compared to the previous year, the country&#8217;s projected growth rate of 6.2% in 2023 is still relatively strong and reflects the country&#8217;s resilience in the face of economic challenges.<\/p>\n<figure class=\"spip-document spip-document-47316 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/int.jpg\" alt=\"Rwanda\u2019s economy is projected to grow further in 2023.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{Rwanda&#8217;s economy is expected to grow by 6.2% in 2023, according to the International Monetary Fund&#8217;s latest report titled &#8220;World Economic Outlook: A Rocky Recovery&#8221;.}<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-47846","post","type-post","status-publish","format-standard","hentry","category-economy","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=47846"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47846\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=47846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=47846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=47846"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=47846"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=47846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}