1、AFRICASPERFORMANCE AND OUTLOOKMACROECONOMICNOVEMBER 2025UPDATEAFRICASPERFORMANCE AND OUTLOOKMACROECONOMICNOVEMBER 2025UPDATEThe opinions expressed and arguments employed herein do not necessarily reflect the official views of the African Development Bank,its Boards of Directors,or the countries they
2、 represent.This document,as well as any data and maps included,are without prejudice to the status of or sovereignty over any territory,to the delimitation of international frontiers and boundaries,and to the name of any territory,city,or area.African Development Bank 2025ISBN 979-8-9925925-4-2You m
3、ay copy,download,or print this material for your own use,and you may include excerpts from this publication in your own documents,presentations,blogs,websites,and teaching materials,as long as the African Development Bank is suitably acknowledged as the source and copyright owner.iiiKey messages 11
4、Growth performance and outlook 32 Other macroeconomic developments and outlook 73 Rising debt pressure and development financing tradeoff 114 Forces shaping the medium-term economic outlook 155 Risks to the outlook 176 Policy recommendations 19Notes 21Figures1.1 Real GDP growth,by region and for the
5、 world,202126 31.2 GDP growth outlook in Africa,by region,202426 41.3 Projected GDP growth outlook in Africa,by country grouping,202426 52.1 Consumer price inflation projections for 2025,by country grouping,May versus October forecasts 72.2 Projected fiscal balance,by country grouping,202426 82.3 Pr
6、ojected current account balance,by country grouping,202426 93.1 Public external debt service and interest payments,2024 123.2 Interest payments on public external debt and health expenditure,202123 124.1 Projected average GDP growth in 2025,by extent of inflation reduction 154.2 Global commodity pri