... Africa’s PulseAs the Sub-Saharan African economy struggles to recover from the 2020 recession induced by the COVID-19 (coronavirus) pandemic, the region now faces new economic growth challenges, compounded by the Russian invasion of Ukraine. Resource-rich countries, especially their extractive sectors, will see improved economic performance due to the war in Ukraine, while non-resource rich countries will experience a deceleration in economic activity. Excluding Angola, Nigeria and South Africa, regional growth is projected at 4.1 in 2022, and 4.9 percent in 2023. The growth trajectory for Cameroon, which has a somewhat diversified economy, shows sustained robust performance, reaching 4.4 percent in 2024. The report also highlights the importance of expanding social protection programs beyond safety nets to strengthen economic resilience and responsiveness to shocks, particularly for poor and vulnerable households.


Source:   Daily Observer
April 14, 2022 09:04 UTC