World Bank Regional Economic Updates-Africa
October 2022
Economic growth in Sub-Saharan Africa (SSA) is set to decelerate from 4.1% in 2021 to 3.3% in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the rising risk of debt distress. These trends compromise poverty reduction, already set back by the impact of the COVID-19 pandemic.
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