Launch of the Africa's Macroeconomic Performance and Outlook Report 2024

Publisher:
African Development Bank
Publication Date:
16 February 2024
Tags:
Africa, Economy, Business and Finance

Africa will account for eleven of the world's 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. This is higher than projected global averages of 2.9% and 3.2%, the report said.

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