According to earlier data released by the World Bank, Sub-Saharan Africa experienced its first recession in 25 years when the pandemic struck. In surveys of consumers, Kasi Insight found that less than half of respondents (48%) expect economic conditions to improve in six months, with remaining respondents split between optimists who expect it to improve (27%) and pessimists who expect it to worsen (24%). The other findings include:Half of the respondents (48%) believe that their respective country’s economic conditions will stay the same over the next 6 months. Less than half of the consumers surveyed (45%) expect their household income to remain unchanged over the next six months. Of the households surveyed over half (52%) said they found it difficult to find a job while 38% found it difficult to earn money.

Source: The North Africa Journal June 15, 2022 03:31 UTC