According to data from the African Development Bank, in 2022, the economic growth rate in Africa slowed to 4.1%, but the development momentum remains strong, making it one of the most significant and robust regions in the world, surpassing Europe, North America, South America, and the global ...
the outlook projects that CEMAC鈥檚 fiscal and external adjustments will be slower than previously envisaged, entailing large external financing needs (around 鈧 billion for 2021鈥. Gross international reserves will now reach the equivalent of 5 months of imports by 2025 vs. 2022 pre-pandemic, whi...
Persistent inflation, prolonged tightening of global financial conditions, the high cost of capital, domestic currency depreciations and lower financial inflows could increase the risks of debt distress in some African countries, according to Africa's Macroeconomic Performance and Outlook published in Janua...
Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the bank’sSouthern Africa Economic Outlook. These projections are a far cry from 2020, when the region suffered a 6.3% contraction - by far the worst in Africa. Central...
Mining activities have played a crucial role in Zambia's economic development, contributing to its GDP, job creation, and government revenue through royalties and taxes (Banda, 2022). However, mining has also brought about negative impacts, including environmental degradation, displacement, and social...
The overall economic activity, however, masks some regional heterogeneity. Diversified‘non-resource-intensive’countries (led by Senegal, Rwanda, and Cote d’Ivoire) are among the more dynamic/resilient economies, growing by 4.6% in 2022, compared to 3.3% and 3.1%, respectively, in oil export...
With this in mind, I now turn to our economic outlook.A world economy in flux The global economy continues on a long recovery path from the pandemic. This path has been a troubled one, and despite better prospects in recent months, remains beset by risks and vulnerabilities built up during...
Based on the above outlook, this work therefore seeks to respond to the question of why African countries will support alternatives to the US dollarized global economy as an imperative driven by the weaponized international political, economic, and financial system...
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African Economic Outlook 2019Annual%growth%of GDPSUB-SAHARAN AFRICA:20192020SELECTED INDICATORS 222、20172018proj.proj.Real GDP3.03.23.23.6 Oil exporting countries0.51.52.12.5excluding Nigeria0.20.21.52.4 Oil importing countries4.54.33.94.3excluding South Africa6.16.05.45.6 Middle-income countries2.02....