Southern Africa: AfDB Predicts 1.6% Growth Due to Climate Change, Inflation, Rising Interest Rates

AfDB Predicts 1.6% Growth Due to Climate Change, Inflation,... allafrica: SouthernAfrica

, just issued by the African Development Bank , paints a gloomy picture of the region's economic prospects., the top development financier on the continent forecasts a woeful growth rate of 1.6% for this year and blames the slump on chronic global shocks that are still having an effect on economies all throughout Africa, including climate change, inflation, increasing interest rates, and rising prices..

It is however noteworthy that only Botswana and Zimbabwe are anticipated to post a surplus in their fiscal balance from 2023 to 2024, according to the

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