The Southern African Development Community (SADC) recorded economic growth of 4.8% in 2022, slightly higher than the 4.7% recorded in 2021, said the Angolan Minister of Foreign Affairs and President of the Council of Ministers of the organization, Téte António.

The official also reported that the current account deficit in the region improved slightly from 4.3% of GDP in 2021 to 4.1% of GDP in 2022.

SADC is a regional organization which was founded in 1980 and is headquartered in Gaborone, Botswana. Its objective is to promote economic development and political and security cooperation in Southern African countries.

Source: Africa News Agency