Africa will outperform the world in economic growth, AfDB projects
Projections show that Africa’s real gross domestic product will stabilize at 4% over 2023–24, then grow at consistently higher rates than other regions.
In the inaugural release of a report dubbed ‘Africa’s Macroeconomic Performance and Outlook’ released on Jan.19, the African Development Bank Group reported that “growth across all five African regions was positive in 2022 and the outlook for 2023–24 is projected to be stable.”