Anticipated slowed growth output in the Sub-Saharan Africa region for 2022, would mirror several new headwinds, including the slowdown in the global economy, lingering effects of the coronavirus pandemic, supply disruptions, elevated inflation, rising financial risks owing to high public debts reaching unsustainable levels, and climate shocks. These challenges are compounded by Russia’s invasion of […]
read more Explainer: Why Sub-Saharan Africa’s economy will remain subdued – World Bank
Nigeria has remained the largest economy in Africa for over two decades. It recorded a GDP size of $514 billion in 2021 and emerged as the second richest country among 10 African countries in 2022 in terms of purchasing power parity (PPP), says the International Monetary Fund (IMF). Nigeria is ranked as the 26th-largest economy read more Nigeria must strengthen macroeconomy to reduce poverty
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