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.
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.
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.
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.