A period of high metal and energy prices is typically good for resource-rich sub-Saharan African (SSA) economies, but that’s not the case for the region now, during a bullish commodity cycle. Instead, SSA economies are expected to limp towards recovery as vaccination rates remain low and many economies have yet to recover from COVID-19. “[Sub-Saharan Africa's] recovery is expected to be slower than in advanced economies, leading to a widening rift in incomes. South Africa will launch a more robust 5 percent growth in 2021, but the future prospects look subdued for the region’s second largest economy. “Threat of climate change—and the global process of energy transition—suggest that sub-Saharan Africa may need to adopt a more innovative and greener growth model,” IMF said.

Source: The North Africa Journal November 17, 2021 17:21 UTC