African Business published on 19 January 2023 an article titled "AFDB: Africa Will Grow 4% in 2023 as China Recovers" by Leo Komminoth.
Africa's GDP grew 3.8 percent in 2022 and is expected to increase to over 4 percent in 2023 with a risk of a continent-wide recession close to zero. The African Development Bank believes the continent can reach this number partly because Asia and especially China are recovering after 3 years of COVID-19 polices. Asia accounts for 40 percent of Africa's merchandise exports.
