The World Bank proclaimed this information in a September 17,2024 report.This strong progress was mainly propelled by increased household consumption and a growth in investment. According to the report by the World Bank, the growth came regardless a reduction in the global economy.The world Bank indicated that strong household spending, mirroring improvements in the labour market, together with significant investments were the crucial elements of Rwanda's economic growth in the first quarter of 2024. Inflation, which had optimized at over 21% in 2023 has since eased due to a more secure monetary policies and a decline in food prices.By August 2024 , the inflation rate had plummeted to 5% yearly within the target range of the National Bank of Rwanda.The study titled " Accelerating skills development to foster private sector growth in Rwanda", highlights a strong recovery in the labour market , with more than 500,000 new jobs created in the fourth quarter of 2023.This marks the biggest reduction in unemployment since the end of 2019 .According to a lead economist for the World Bank in Rwanda , the labour market expansion in Rwanda was broad-based ,with women  benefiting slightly more than men .To leverage its youth demographic , Rwanda needs to expand labour force participation ,as only 2,8 million out of 8,1 million working age .                                                                                   

Christelle Koambi