Regional Economic Outlook, April 2022, Sub-Saharan Africa
A New Shock with Little Room to Maneuver
Regional Economic Outlook, April 2022, Sub-Saharan Africa
A New Shock with Little Room to Maneuver
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Omschrijving
The economic recovery in sub-Saharan Africa surprised on the upside in the second half of 2021, prompting a significant upward revision in last year's estimated growth. This year, however, that progress has been jeopardized. Most notably, surging oil and food prices are straining the external and fiscal balances of commodity-importing countries.