Middle East war will slow down economic growth in Africa as cost of living crisis soars, IMF warns
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Source: AfricaNews
Published: 2026-05-08 00:07 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Africa, Military & Defence, World News, Business & Economy, War & Conflict
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Snippet:
A new wave of global shocks mainly caused by the war in the Middle East is pushing up the cost of living once again and bringing about a revised economic outlook, the IMF's outlook report for sub-Saharan Africa titled 'Hard-Won Gains Under Pressure' shows.
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