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East Africa Economic Outlook 2022

The region is expected to grow at a slower pace of 4.7% in 2022—due to the lingering effects of the COVID-19 pandemic and the impacts of the Russia-Ukraine war, which is already putting pressure on energy and food prices—before recovering to 5.5% in 2023. The projected strong growth is not homogenous across the region, with four countries (Kenya, Rwanda, Seychelles, and South Sudan) expected to grow above 5% in both 2022 and 2023. Growth will likely be subdued in Comoros, Somalia, and Sudan below 3% in 2022, while all the East African countries (except Comoros and Eritrea) should experience a growth rate of more than 4% in 2023.

date:  13/11/2022

Keywords: Africa, sustainable development, economic growth, lclimate change, resilience, just energy transition

Publisher: African Development Bank
Publication date: Nov 2022
Language: EN

Read the publication in EN