{"id":11963,"date":"2023-01-21T08:20:40","date_gmt":"2023-01-21T08:20:40","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals"},"modified":"2023-01-21T08:31:41","modified_gmt":"2023-01-21T08:31:41","slug":"economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","title":{"rendered":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Cape verde. <\/strong><\/span>With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, ranging between 2.7% and 3.2%, given the broad-based and sharper-than-expected slowdown in global economic activity, according to figures released in October 2022 by the International Monetary Fund (IMF).<\/p>\n<p>A new biannual report released by the African Development Bank Group (ADB) revealed that economic growth in Africa is expected to exceed global forecasts in 2023 and 2024, with real gross domestic product (GDP) averaging around 4% in the said period.<\/p>\n<p>The ADB pointed out that the expected figures for the region\u2019s economic growth would outperform the rest of the world, which is projected to grow from 2.7% to 3.2% on average.<\/p>\n<p>The report forecast the growth average in the five African regions in 2024 as follows: North Africa (3.4%), Central Africa (4.2%), East Africa (5.4%), West Africa (4.3%), and Southern Africa (2.8%).<\/p>\n<p>Adesina pointed out that growth across all five African regions was positive in 2022, despite the \u201cconfluence of multiple shocks,\u201d adding that the \u201coutlook for 2023\u201324 is projected to be stable.\u201d<\/p>\n<p>The ADB&#8217;s &#8220;Africa\u2019s Macroeconomic Performance and Outlook&#8221; report revealed that Africa\u2019s real GDP slowed to 3.8% in 2022, from 4.8% in 2021, due to a number of \u201csignificant\u201d domestic and external challenges that faced the continent in recent years, including the COVID-19 pandemic and the ongoing crisis in Ukraine.<\/p>\n<p>With a comprehensive regional growth analysis, the publication revealed that 53 out of Africa\u2019s 54 states had posted positive growth during the last year.<\/p>\n<p>The report listed the top 10 African nations expected to grow by more than 5.5% on average in 2023-2024, including Rwanda (7.9%), Ivory Coast (7.1%), Benin (6.4%), Ethiopia (6.0%), and Tanzania (5.6%), the Democratic Republic of the Congo (6.8%), Gambia (6.4%), Mozambique (6.5%), Niger (9.6%), Senegal (9.4%), and Togo (6.3%).<\/p>\n<p>UN Secretary-General Antonio Guterres\u2019 Advocate for Sustainable Development Goals, who attended the report launch event at the ADB headquarters in Abidjan, Ivory Coast, said that the figure listed in the report proved that Africa is currently \u201cthe place to invest.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/cape-verde\">Cape verde<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Cape verde. With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, ranging between 2.7% and 3.2%, given the broad-based and sharper-than-expected slowdown in global economic activity, according to figures released in October 2022 by the International Monetary Fund (IMF). A new biannual report [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":11962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,331,328],"class_list":["post-11963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde<\/title>\n<meta name=\"description\" content=\"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde\" \/>\n<meta property=\"og:description\" content=\"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\" \/>\n<meta property=\"og:site_name\" content=\"Cape Verde\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-21T08:20:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-21T08:31:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1079\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals\",\"datePublished\":\"2023-01-21T08:20:40+00:00\",\"dateModified\":\"2023-01-21T08:31:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\"},\"wordCount\":340,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Cape verde\",\"Cape verde\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\",\"url\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\",\"name\":\"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg\",\"datePublished\":\"2023-01-21T08:20:40+00:00\",\"dateModified\":\"2023-01-21T08:31:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg\",\"width\":1920,\"height\":1079,\"caption\":\"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/cape-verde\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#website\",\"url\":\"https:\/\/www.africa-press.net\/cape-verde\/\",\"name\":\"Cape Verde\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/cape-verde\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde","description":"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","og_locale":"en_US","og_type":"article","og_title":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde","og_description":"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...","og_url":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","og_site_name":"Cape Verde","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-01-21T08:20:40+00:00","article_modified_time":"2023-01-21T08:31:41+00:00","og_image":[{"width":1920,"height":1079,"url":"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals","datePublished":"2023-01-21T08:20:40+00:00","dateModified":"2023-01-21T08:31:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals"},"wordCount":340,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg","keywords":["Africa Press","Africa Press-Cape verde","Cape verde"],"articleSection":["all news","files"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","url":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals","name":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals - Cape Verde","isPartOf":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg","datePublished":"2023-01-21T08:20:40+00:00","dateModified":"2023-01-21T08:31:41+00:00","author":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"With inflation growing higher than seen in several decades, global economic growth is projected to be weak in 2023, rang ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#primaryimage","url":"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg","contentUrl":"https:\/\/static.africa-press.net\/cape-verde\/sites\/66\/2023\/01\/postQueueImg_1674276664.56.jpg","width":1920,"height":1079,"caption":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/economic-growth-in-africa-to-exceed-global-estimates-in-2023-2024-adb-report-reveals#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/cape-verde\/"},{"@type":"ListItem","position":2,"name":"Economic Growth in Africa to Exceed Global Estimates in 2023-2024, ADB Report Reveals"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/cape-verde\/#website","url":"https:\/\/www.africa-press.net\/cape-verde\/","name":"Cape Verde","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/cape-verde\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/cape-verde\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/posts\/11963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/comments?post=11963"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/posts\/11963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/media\/11962"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/media?parent=11963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/categories?post=11963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/cape-verde\/wp-json\/wp\/v2\/tags?post=11963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}