Inflation, debt, employment… Africa’s five challenges in 2024, according to the World Bank

2023-10-04 16:35:09

This year, growth in sub-Saharan Africa will decelerate, from 3.6% in 2022 to 2.5%. Here, in a Carrefour supermarket in Abidjan, in May 2019, on the eve of the start of Ramadan. © Sia KAMBOU / AFP

Published on October 4, 2023

Lecture : 4 minutes.

The continent’s economic outlook is darkening. At least that’s what the forecasts from the latest “Africa’s Pulse” report from the World Bank. According to this document, growth in sub-Saharan Africa will decelerate, from 3.6 % in 2022 to 2.5% in 2023. Faced with these variations in the decline, the growth rate of GDP per capita remained stable Since 2015. A decline that the institution describes as a “lost decade”.

“The populations plus poor people in the region are the most affected by this economic slowdown. A sluggish growth results in a slow reduction in poverty and a low job creation,” declared Andrew Dabalen, chief economist of the World Bank for Africa.

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