EAST AFR - The economies of the East African region are expected to grow by 4% in 2022, the African Development Bank (AfDB) said Friday. According to the East Africa Regional Economic Outlook 2022, the region has indeed experienced a robust economic recovery in 2021, but most members have yet to reach pre-Covid-19 growth levels. “The region's GDP growth will decline to 4% in 2022, before rising to 4.7% in 2023, thanks to the reopening of the economies,” reads the report that examined the economic performance of 13 members. The paper also examines several policy interventions needed to spur East Africa's recovery after Covid-19 and build resilience against emerging vulnerabilities, as well as policy options in the near future. medium and long term to support climate resilience. The results show that the expected strong growth is not homogeneous across the region, with the best performing in Ethiopia, Kenya, Rwanda, Seychelles, Tanzania and Uganda. According to the report, persistent political instability, particularly in Ethiopia, Somalia, South Sudan and Sudan, could weigh on the region's prospects, while, at the same time, several countries face different vulnerabilities to climate change. "These impacts are becoming dynamic and are exacerbated by other shocks, including commodity prices, health and insecurity, which require greater contextual risk and vulnerability assessment to inform adaptation and mitigation measures" , the report reads. For More please refer to :https://www.infoafrica.it/2022/10/31/afdb-prevista-crescita-economica-del-4-per-cento/ (ICE ADDIS ABEBA)

Fonte notizia: infoafrica