Source link : https://info-blog.org/africa/afdb-adjusts-africas-2025-growth-forecast-navigating-trade-tariff-challenges/
AfDB Adjusts Economic Projections Amid Trade Tariff Uncertainties
The African Development Bank (AfDB) has recently revised its economic growth forecasts for the continent, adopting a more conservative outlook for 2025 due to rising concerns over trade tariffs. This adjustment highlights the difficulties faced by countries as they navigate an increasingly intricate global trade landscape characterized by protectionist measures that could impede economic progress across various African nations. Key factors contributing to this revision include:
- Increasing trade barriers impacting import and export activities
- Potential disruptions in supply chains
- Heightened volatility in international markets
The updated forecasts indicate that several regions within Africa may experience slower growth rates, raising concerns about the sustainability of recent economic advancements. To mitigate the adverse effects of these trade tensions,stakeholders are urged to focus on boosting intra-African trade and diversifying their economies. The AfDB’s report underscores the importance of implementing resilience strategies, such as:
- Pursuing technological investments to improve productivity levels
- Establishing intra-African trade agreements
- Encouraging local industries to reduce dependence on imports
| Region | Forecasted Growth (%) for 2024 | Revised Growth (%) Estimate for 2025 | |||
|---|---|---|---|---|---|
| Northern Africa | 3.5 | 3.0 | |||
| Sub-Saharan Africa | 4.2 | 3.8 |
Impact of Global Trade Policies on…
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Author : Caleb Wilson
Publish date : 2025-05-29 06:55:00
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