A positive economic outlook for Africa

THE Africa Development Bank has projected a positive economic performance for the African continent citing the resilience of many countries to the COVID-19 pandemic, climate change and the global economic pressures arising from the war in Ukraine.

This economic forecast is contained in its Macroeconomic Performance and Outlook report released last week.

The positive economic performance projection comes as refreshing news in a context where global macroeconomic conditions have become increasingly unpredictable due to the persistence of multiple shocks that make policymaking and investment decisions very challenging.

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