AfDB downgrades Africa growth outlook but sees signs of resilience

The African Development Bank (AfDB) has downgraded Africa’s growth forecast for the next two years amid what it described as “unprecedented global circumstances” and “seismic shifts in the trade policies of major economies.”

Significant aid cuts will also hit low-income countries on the continent, Tuesday’s African Economic Outlook report warned.

Overall, the bank is projecting growth of 3.9 percent for 2025 and 4 percent for 2026 – a…