Trending
- Turkey Brokers a Dispute Ceasefire Between Ethiopia and Somalia
- BRICS antitrust authorities turn the heat on trade platform Covantis
- From fossil fuels to green futures: Oxford and EBC Financial Group on what’s holding us back
- Africa’s natural resources: Will Trump’s policies benefit or exploit the continent?
- US Sanctions Zimbabwe’s gold smuggling Kingpin Kamlesh Pattni
- From Industry 5.0 to Future Finance: AIM Congress 2025’s bold agenda, key partners unveiled
- John Mahama Makes a Comeback as Ghana’s President
- Zambia’s solar energy drive: Fighting rural energy poverty with renewable options
Browsing: Africa Economic Outlook
- Africa’s average GDP will stabilize at around 4 percent in the course of the next two years, notes AfDB.
- The continent needs alternative sources of imports and new export markets to counter disruptions caused by the war in Ukraine.
- Economists are urging African economies to look at expediting intra-African trade to stave off global shocks.
A significant number of African nations continue to show economic resilience in the face of tougher global challenges. The latest update by the African Development Bank (AfDB) on economic review says the continent has a stable outlook in the 2023-2024 financial year.
Africa’s Macroeconomic Performance and Outlook report provides an up-to-date assessment of the continent’s macroeconomic performance and a forecast of expected performance on the backdrop of global economic challenges.
Africa average GDP to stabilise at 4 percent
The lender estimates that Africa’s average GDP will stabilise at around 4 percent in the course of …