US-Israel war with Iran delivers third economic shock to Africa in the 2020s
By
The Economist
Summary
The article discusses how Africa's economic recovery in early 2024, which showed promising GDP growth and cooling inflation after the shocks of COVID-19 and Russia's invasion of Ukraine, was disrupted by a third major global crisis: the US-Israel war against Iran. This conflict represents the third major economic shock of the 2020s to hit the African continent, derailing its macroeconomic recovery.
Source
bskyUS-Israel war with Iran delivers third economic shock to Africa in the 2020secon.stKey quotes
· 4 pulledAt the start of the year there was cautious optimism about Africa's economies.
The imf forecast that gdp growth for Africa as a whole would be the fastest for a decade.
But then America and Israel launched their war against Iran.
It was the third shock of the 2020s to hit the continent
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