The success of any organisation hinges on its ability to adapt and excel in a dynamic global marketplace. The first half of 2024 has been marked by significant transformations and challenges in trade and economy, reshaping our supply chain landscape. These changes present both opportunities and hurdles for international trade across various industries.
In this evolving environment, staying informed and agile is crucial for supply chain leaders. The latest edition of our IMEA Supply Chain Digest E-book series provides a comprehensive analysis of key developments, trends, and updates from the Indian subcontinent, the Middle East, and Africa during the first half of 2024.
Key Highlights from our E-book:
- India: Projected 7% GDP growth in 2024, with government initiatives enhancing logistics, simplifying export processes, and fostering entrepreneurship.
- Bangladesh: Facing double-digit inflation, rising living costs, and heavy reliance on textiles, but investing in infrastructure to boost connectivity and energy supply.
- Pakistan: 2% YoY GDP growth driven by agriculture, with simplified import regulations and duty-free imports narrowing the trade gap.
- Afghanistan: Widening trade deficit and 10.6% inflation exacerbated by recent crises and migration issues.
- UAE: Thriving economy with strategic agreements expanding market access, emphasis on digital technology and sustainable infrastructure.
- Qatar: 2% GDP growth forecast, with a robust non-oil sector growing at 2.4%, driven by tourism and foreign investment.
- Saudi Arabia: Reduced GDP growth due to oil cuts, but strong growth in non-oil sectors like manufacturing.
- Jordan: Stable GDP growth at 2.6%, with a 10-year modernisation plan focusing on female employment and economic expansion.
- Tanzania: Agriculture leads GDP contributions, with inflation dropping to 3% due to improved food supply and fiscal policies.
- South Africa: Modest 0.9% GDP growth impacted by power cuts and fluctuating commodity prices.
- Botswana: Projected 3.6% GDP growth with inflation decreasing to 4%, strengthened by trade agreements.
- Nigeria: 3.5% GDP growth forecast, with high inflation at 26.3% due to monetary policies and currency weakness.
- Ghana: Stabilising economy with a USD 3 billion IMF program addressing public debt issues.
- Angola: Diversifying beyond oil, with growth in agriculture, fishing, and manufacturing driving economic progress.
- Democratic Republic of Congo: The mining sector remains strong, but overall GDP growth is expected to slow down to 4.7%.
- Senegal: 8.2% GDP growth driven by major oil production projects boosting output.
- Mali: 4% GDP growth projected in 2024, impacted by exit from ECOWAS affecting commerce and security.
Our E-book offers essential insights, statistics, and trends across these regions, highlighting economic expansion drivers and challenges. Gain an in-depth understanding of market dynamics, policy developments, and growth opportunities.
Download our E-book to explore the current and future prospects of these regions, discover growth opportunities, and navigate potential disruptions in the supply chain.
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