Africa’s economic growth will outpace the rest of the world’s economy over the next two years, the African Development Bank Group said in a report.
In a report titled, ‘Africa’s macroeconomic performance and outlook’, the continent’s real Gross Domestic Product was projected to average four per cent in 2023 and 2024, higher than projected global averages of 2.7 per cent and 3.2 per cent.
The report showed that all the continent’s five regions remained resilient with a steady outlook for the medium-term, despite facing significant headwinds due to global socio-economic shocks.
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