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Find all the economic and financial information on our Orishas Direct application to download on Play StorePour cette année 2023, la Banque africaine de développement (BAD) a lancé le 24 juillet dernier ses “ Southern African Economic Prospects.” According to her, growth in the region is expected to slow further in 2023 to 1.6%, before experiencing a slight improvement of 2.7% in 2024.
The AfDB issued a” press release according to which GDP growth in the southern African region barely reached 2.7% last year, well below the global and African averages of 3.4% and 3.8%. For the bank, “growth in the region is expected to slow further in 2023 to 1.6%, before experiencing a slight improvement of 2.7% in 2024. The external debt burden, which is expected to remain high throughout the southern African region, is putting additional pressure on the environment. In 2022, it was 48%
”According to the AfDB report, the slowdown in South Africa is also being observed in other countries in the region, such as Zimbabwe, Zambia, Malawi, Madagascar, and São Tomé and Príncipe, which have also faced extreme weather events;
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