The IMF report indicates a decline in regional growth for sub-Saharan Africa due to the impact of the Iran war, which is expected to increase food insecurity for 20 million people and raise inflation to 5.0% by 2026, despite earlier signs of economic recovery in the region. #EconomicChallenges #FoodInsecurity #IMFReport #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.