2023-11-29 16:30:02
By The Economist | 11/29/2023 – 5:35 p.m. | Share
The African Development Bank has announced a downward revision of its macroeconomic forecasts for Africa in 2023 and 2024.
And this while anticipating growth of 3.4% this year and 3.8% next year, due to the persistent effects of the Covid-19 pandemic, geopolitical tensions, climate shocks, and the global economic slowdown .
These adjustments reflect the short-term challenges facing African countries, highlighting the need for coordinated monetary and fiscal policies to address persistent economic shocks.
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