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. The Russian invasion of Ukraine has triggered
a global economic shock that is hitting the region at a time when
countries' policy space to respond to it is minimal to nonexistent.
Most notably, surging oil and food prices are straining the
external and fiscal balances of commodity-importing countries and
have increased food security concerns in many countries. Moreover,
the shock threatens to compound some of the region's most pressing
policy challenges, including the COVID-19 pandemic's social and
economic legacy, climate change, heightened security risks in the
Sahel, and the ongoing tightening of monetary policy in the United
States.
General
Imprint: |
International Monetary Fund (IMF)
|
Country of origin: |
United States |
Series: |
Regional Ecomonic Outlook |
Release date: |
June 2023 |
Authors: |
International Monetary Fund
|
Dimensions: |
280 x 216mm (L x W) |
Format: |
Paperback
|
Pages: |
45 |
ISBN-13: |
979-84-00-20849-2 |
Categories: |
Books
|
LSN: |
XHB-C8G-HGU-6 |
Barcode: |
9798400208492 |
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