These are some of the findings of the Central African Economic Outlook 2023 report, published on 31 July by the African Development Bank. The report said Central Africa had an inflation rate of 6.7 percent in 2022, compared with 3.9 percent in 2021. This was the best performance of any African region: North Africa had 8.2 percent, Southern Africa, 12.6 percent, West Africa, 17 percent and East Africa, 28.9 percent. Similarly, the Central Africa region achieved the best budget performance, including the smallest deficit. Hervé Lohoues, Lead Regional Economist for Central Africa and Acting Division Manager for the Southern Africa, East Africa and Nigeria Country Economists, said: “Overall, the economic outlook for the Central Africa region is positive for 2023 and 2024.

Source: The North Africa Journal August 04, 2023 06:22 UTC