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North Africa Economic Outlook 2022

In 2021, North Africa showed strong signs of recovery from a downturn in 2020 due to the global pandemic and concomitant oil price collapse. The policy responses of governments helped mitigate the effect of these exogenous shocks, leading to a 3.9 percent real gross domestic product (GDP) growth rate in the North region (excluding Libya), below the 2021 growth rate for Africa (4.2 percent excluding Libya). However, if Libya, with an impressive economic growth of 177.3 percent in 2021 is included, North Africa’s economic growth (11.7 percent) becomes the largest on the continent. Macroeconomic policies remained largely expansionary in North Africa to support the post-COVID-19 crisis recovery in 2021. The African Development Bank's Regional Office for North Africa will launch the 2022 edition of the North Africa Economic Outlook report on, 16 November 2022. One of the Bank's flagship publications, the report provides an overview of the economies of northern African countries and proposes a regional approach to development. The theme of the 2022 edition is: "Supporting climate resilience and a just energy transition".