Adesina: Africa’s GDP will Grow by 4% in 2023 and 2024.

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Africa’s GDP growth is anticipated to be higher than the projected global averages of 2.7% and 3.2% in 2023 and 2024, averaging around 4%.

The top five performing African nations, according to the AfDB president, are expected to grow by more than 5.5%. In 2023 to 2024, the top five African nations in terms of economic performance prior to the COVID-19 pandemic are expected to grow by more than 5.5% and could reclaim their place among the world’s ten fastest-growing economies.

Professor Jeffrey Sachs, an economist and the director of the Columbia University Center for Sustainable Development in New York, USA, also noted that the report demonstrated the resiliency and expansion of African economies.

The professor added that the GDP of Africa  would rise to seven per cent or more in the coming decades. He further said the opportunities for Africa to maintain its growth would be the integration of its economy, strategic industrial policy, and finance.

Sunnews.

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