NCBA Investment Bank
NCBA Investment Bank
May 28, 2025 at 05:32 AM
*AfDB slashes Africa’s 2025 growth forecast on tariffs* Africa’s economic output is expected to grow by 3.9 percent this year, the African Development Bank said in its annual African Economic Outlook report on Tuesday, quickening from last year’s pace of 3.3 percent. However, this year’s forecast— which covers economies of all its 54 member states—represents a 0.2 percentage points downgrade from the bank's initial forecast, the development lender said during its annual meeting in Ivory Coast, mainly due to the shocks caused by new trade tariffs imposed by the united States. The bank, which is Africa’s biggest development lender with $318 billion in capital, also cut its initial 2026 growth forecast by 0.4 percentage points to 4.0 percent, citing the same uncertainty from trade tariffs. *_Source: Business Daily_*
Image from NCBA Investment Bank: *AfDB slashes Africa’s 2025 growth forecast on tariffs* Africa’s econo...
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