The IMF's report warns that regional growth in sub-Saharan Africa is expected to decline by 0.3 percentage points due to the ongoing war in the Middle East, which is exacerbating food insecurity for approximately 20 million people while putting financial strain on vulnerable economies already facing high inflation and low reserves. #EconomicGrowth #FoodSecurity #IMFInsights #BF #CI #ET #RW #SL #CF #SS
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Global shocks will slow down economic growth in Africa, IMF warns
According to the IMF's report, regional growth is expected to decline by 0. 3 percentage points, and some 20 million people in Africa now face the risk of food insecurity as the Iran war raises energy and food prices.