According to the World Bank’s latest Africa’s Pulse, a biannual analysis of the near-term regional macroeconomic outlook, economic growth in Sub-Saharan Africa (SSA) is set to decelerate from 4.1% in 2021 to 3.3% in 2022, a downward revision of 0.3 percentage points since April’s Pulse forecast, mainly as a result of a slowdown in global growth, including flagging demand from China for commodities produced in Africa. The war in Ukraine is exacerbating already high inflation and weighing on economic activity by depressing both business investments and household consumption. As of July 2022, 29 of 33 countries in SSA with available information had inflation rates over 5% while 17 countries had double-digit inflation.
At this seminar, Cesar Calderon, Lead Economist, Office of the Chief Economist for Africa Region, shared the main findings of the report.
8am-9am, Thursday October 20, 2022 (Japan Standard Time)
Lead Economic, Office of the Chief Economist for Africa Region, World Bank
Africa’s Pulse Oct 2022: SPECIAL FOCUS "Food System Opportunities in a Turbulent Time" (PDF)