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Emerging Markets: Sub-Saharan Africa's Still Down But Not Out

June 8, 2022

Sub-Saharan Africa (SSA) is struggling to return to prepandemic economic growth. We believe commodity-fueled exports and investments should help reduce external imbalances and boost activity in commodity rich countries, notably Nigeria, Angola, and to a lesser degree South Africa. However, the rising cost of goods and services will hurt households across the region, especially in fuel and food-importing countries.

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