Economic Report on Africa 2023 - Building Africa’s Resilience to Global Economic Shocks

Abstract

The 2023 Economic Report on Africa, titled "Building Africa’s Resilience to Global Economic Shocks," examines the impact of multiple global shocks on African economies. It highlights the challenges posed by climate change, the COVID-19 pandemic, and geopolitical conflicts, particularly the Russian invasion of Ukraine. The report emphasizes the need for improved risk management, resilience strategies, and structural transformation through equitable green growth and smart industrial strategies. It also calls for enhanced global cooperation, robust resource mobilization, and the implementation of pandemic prevention systems.