Many Africans are convinced that the conflict in Ukraine is not their problem. But failure to restore peace and end the disruption to food and energy supplies will likely result in mounting political instability and social tension on the continent.
BAKU – Up until the fourth quarter of 2020, Africa’s economic growth – despite imbalances and many systemic challenges, including poverty and youth unemployment – was the second fastest in the world, after Asia. But the COVID-19 pandemic has slowed growth in Sub-Saharan Africa and could reverse years of economic and social progress. Making matters worse, just as the pandemic began to wane, enabling the continent to focus on recovering from its first recession in 25 years, the war in Ukraine started.
BAKU – Up until the fourth quarter of 2020, Africa’s economic growth – despite imbalances and many systemic challenges, including poverty and youth unemployment – was the second fastest in the world, after Asia. But the COVID-19 pandemic has slowed growth in Sub-Saharan Africa and could reverse years of economic and social progress. Making matters worse, just as the pandemic began to wane, enabling the continent to focus on recovering from its first recession in 25 years, the war in Ukraine started.