MACRO ECONOMIC TRENDS IN AFRICA IN JULY 2022
Economic Trends - July 2022
In this edition of Macro Trends for Africa in July 2022, STRATEGIES! provides a summary of economic trends in sub-Saharan Africa according to the major international financial institutions.

Among other things, the following facts emerge:

Growth in Sub Saharan African

Growth in sub-Saharan Africa (SSA) is expected to slow to 3.7% this year, due to downward revisions to forecasts in more than 60% of regional economies.

Inflation

Price pressures, partly driven by the Russian Federation's invasion of Ukraine, are sharply reducing food availability and real incomes across the region.
Income

At just over 1%, per capita income growth in sub-Saharan Africa is expected to remain well below that of other emerging economies.

In about 45% of the region's economies and half of its fragile and conflict-affected countries, per capita incomes are expected to remain below pre-pandemic levels in 2023.

Debt

More than 60% of the region's countries are in debt distress or at high risk of being in debt distress as a result of the sharp deterioration in fiscal balances and the increase in debt caused by the COVID-19 shock.

Poverty

More people in sub-Saharan Africa are expected to fall into extreme poverty, especially in countries that depend on food and fuel imports.

A high cost of living could increase the risk of social unrest, especially in low-income countries.

For more information, you can download the Macro Trends for Africa, Economic Trends here:
ENGLISH VERSION   /  FRENCH VERSION .


About Macro Trends Africa

The Macro Trends for Africa is a summary of some of the key facts, data, trends and recommendations on the continent's progress developed by STRATEGIES!

STRATEGIES! is a leadership and management consulting firm founded in 1995 and based in Douala and operating in Africa, Europe and the United States.





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