Friday, February 23, 2024
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HomeBusinessEconomySub-Saharan Africa Outlook: New shock, little room to maneuver

Sub-Saharan Africa Outlook: New shock, little room to maneuver

By IMF Podcasts

IMF AFRICA – The economic recovery in sub-Saharan Africa surprised on the upside in the second half of 2021, but that progress has been jeopardized this year by the Russian invasion of Ukraine.

The war has triggered a global economic shock that is hitting the region at a time when countries’ ability to respond is minimal to nonexistent.

Papa N’Diaye leads the team that produces the Regional Economic Outlook for sub-Saharan Africa. Papa N’Diaye heads the Regional Studies Division in the IMF African Department.

In this podcast, he says growth has slowed once again and will not be enough to make up for lost ground.

Read the Transcript

Listen to the Podcast  

Related: Shocks to Inflation Expectations 

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