April 29, 2022/CSL Research The IMF, in its latest Regional Economic Outlook for Sub-Saharan Africa, noted that the progress in economic recovery seen in the second half of 2021, has been jeopardized by the Russian invasion of Ukraine which has triggered a global economic shock that is hitting the region […]
OPINION/EDITORIAL
Africa Faces New Shock as War Raises Food and Fuel Costs
(Photo: FrankvandenBergh/iStock by Getty Images) April 28, 2022/IMFBlog By Abebe Aemro Selassie and Peter Kovacs The effects of the war in Ukraine leave policymakers with little room to maneuver. Sub-Saharan African countries find themselves facing another severe and exogenous shock. Russia’s invasion of Ukraine has prompted a surge in food […]
Will the Reopening of More Borders Provide Respite for Food Prices?
April 28, 2022/CSL Research The continued rise in prices of food staples keeps pushing many households below the poverty line. According to the selected food price watch data for March 2022 released by the National Bureau of Statistics (NBS), major consumer staples showed significant increases year on year and month […]
