News Snapshot:
The global economy grew by 5.9 percent last year, and in January, the International Monetary Fund forecast 4.4 percent growth in 2022. Africa rebounded well last year from its first recession in a quarter-century, with aggregate output increasing by 5.1percent. The IMF predicts regional GDP growth of 3.9 percent in 2022. In a sign of post-crisis normalisation, tourism-dependent economies are likely to be Africa’s fastest growing this year. The island states of Cabo Verde, Mauritius, and the Seychelles are each expected to grow by more than 6percent; the Seychelles forecasts Africa-leading 7.7 percent growth. The resilience of these economies highlights...
