In its latest Africa’s Pulse report, the bank forecasts real gross domestic product will decelerate to 2.5% in 2023, from 3.6% in 2022. This as Africa’s most industrialized nation, South Africa, is expected to expand by 0.5% in 2023, stunted by energy and logistical bottlenecks. The region’s biggest oil producing nations, Nigeria, and Angola, are projected to grow at 2.9% and 1.3% respectively, due to lower international prices and currency pressures affecting oil and non-oil activity.
Source : CNBC Africa
