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1、Making Africas Capital Work Better for Africas DevelopmentAFRICAN ECONOMICOUTLOOK 2025Making Africas Capital Work Betterfor Africas DevelopmentAFRICAN ECONOMICOUTLOOK 2025The opinions expressed and arguments employed herein do not necessarily reflect the official views of the African Development Ban

2、k,its Boards of Directors,or the countries they represent.This doc-ument,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.ISBN:979

3、-8-9925925-2-8 African Development Bank 2025You may 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 t

4、he source and copyright owner.iiiFOREWORDThe 2025 African Economic Outlook(AEO)report has been prepared against a backdrop of unprecedented global circum-stances.April 2025 saw seismic shifts in trade policies of major economies with signif-icant ramifications for the global trade order.Major develo

5、pment partners have announced significant aid cuts,triggered mainly by shift-ing domestic policy priorities.This action will undoubtedly create a funding squeeze for low-income countries,especially those in Africa,that heavily depend on international development assistance.Amid recurring multiple sh

6、ocks and tariff-induced global uncertainty,Africas growth outlook relative to the forecast in the February 2025 Macroeconomic Performance and Out-look(MEO)report has been downgraded by 0.2 and 0.4percentage points to 3.9percent and 4.0percent in 2025 and 2026,respec-tively.Yet,even after accounting