According to Fitch Ratings, several frontier markets saw a significant economic recovery in Q2 2024, with high GDP growth rates driven by export gains. Countries like Azerbaijan, Costa Rica, Georgia, Ghana, Honduras, and Senegal reported their strongest annual GDP growth rates in recent quarters. However, some countries, including Mongolia, Namibia, and Zambia, experienced slower growth rates compared to previous quarters, with Zambia’s growth at 1.2% YoY, the weakest since the pandemic-related contraction in 2020.