- Recovery from the COVID-19 recession has been characterized by resilient demand amid a series of supply disruptions.
- If inflation proves more persistent, more aggressive monetary policy tightening would be necessary, which restrains demand.
- The steep rise in global food and fuel prices due to the Russia-Ukraine war has led several Sub-Saharan African authorities to introduce renewed or higher subsidies, temporary price controls, and suspension of selected import customs duties.
For further details see:
Supply Resilience Is Key To Avoiding A Global Recession