Numerous economists from across the globe, since the last quarter of 2022, have deduced that the world may face some of the same economic challenges it did in 2022, resulting in a similar or even worse fiscal turnout. Some economists even went as far as predicting a global recession based on metric systems and formulas believed to be systematic.
The narrative surrounding Africa’s projected 2023 economic performance and even the world at large may appear discouraging, depending on the source. However, the reverse can also be said, if a different source is referenced.
Nonetheless, the AfDB did admit that the subject is highly nuanced and the data in the bi-annual report would be updated as conditions surrounding macroeconomic performances evolve.
