New shock, little room to maneuver
IMF on Sub-Saharan Africa
The new crisis emanating from the war between Russia and Ukraine comes on top of an already-protracted pandemic, and prospects for borrowing costs and global demand are increasingly uncertain, presenting policy makers with a challenging and complicated policy outlook.
The recovery in Sub-Saharan Africa picked up in the third quarter of 2021 and held up despite the onset of a fourth Covid-19 wave at the end of the year. Estimated growth in 2021 h
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