Africa’s Long Post-COVID Climb
While Africa shared in last year’s global economic upswing, a growing array of risks threatens to derail the region’s progress in 2022. The crucial question is whether the world’s leading central banks can pursue price stability without choking off the incipient global recovery.
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CAIRO – Despite the many lingering negative effects of the COVID-19 pandemic, the world economy bounced back in 2021, recording one of the strongest and most synchronized post-recession recoveries in decades. But while Africa shared in this upswing, an increasing array of risks threaten to derail the region’s economic progress in 2022.