1、AFRICAN ECONOMICOUTLOOK 2024Driving Africas TransformationThe Reform of the Global Financial ArchitectureAFRICAN ECONOMICOUTLOOK 2024Driving Africas TransformationThe Reform of the Global Financial ArchitectureThe opinions expressed and arguments employed herein do not necessarily reflect the offici

2、al views of the African Development Bank,its Boards of Directors,or the countries they represent.This doc-ument,as well as any data and maps included,are without prejudice to the status of or sovereignty over any territory,to the delimitation of international frontiers and boundaries,and to the name

3、 of any territory,city,or area.ISBN:979-8-9893890-9-4 African Development Bank 2024You may copy,download,or print this material for your own use,and you may include excerpts from this publication in your own documents,presentations,blogs,websites,and teaching materials,as long as the African Develop

4、ment Bank is suitably acknowledged as the source and copyright owner.iiiFOREWORDDespite entrenched structural challenges and susceptibility to exogenous shocks,most African economies have shown remark-able resilience.Over the past four years,they have had to contend with multiple overlapping exogeno

5、us shocks,including persistently high food and energy prices on the back of the sustained impacts of Russias invasion of Ukraine and other geopolitical tensions,climate change and extreme weather events on agricultural productivity and electricity generation,and pockets of political instability and

6、conflicts.Against this backdrop,Africas average growth in real GDP decelerated to an estimated 3.1percent in 2023 from 4.1per-cent in 2022,slowing the momentum of eco-nomic recovery,as successive shocks weak-ened post-pandemic gains.The forecast for 202425 looks promising,as global economic conditio