Africa's economic growth will decline to 3.2% in 2023. The African Development Bank expects higher growth this year in all regions except Central Africa.
Political instability and the economic slowdown in China exacerbate the impact of previous shocks such as the “Covid-19” pandemic and the Russian war on Ukraine. 15 African countries recorded economic growth of more than 5% last year, including Ethiopia, Ivory Coast, the Democratic Republic of the Congo, Mauritius, and Rwanda.