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As seen in: The Business Standard
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Articles

Africa faces new shock as war raises food and fuel costs

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By Abebe Aemro Selassie, Peter Kovacs, IMF Blogs
| The Business Standard Verified
Sub-Saharan African countries find themselves facing another severe and exogenous shock. Russia's invasion of Ukraine has prompted a surge in food and fuel prices that threatens the region's economic outlook. This latest setback could not have come at a worse time—as growth was starting to recover and policymakers were beginning to address the social and economic legacy of Covid-19 pandemic and other development challenges.
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Asia growth slows on commodities, Covid and rising interest rates

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By Anne-Marie Gulde-Wolf, Sanjaya Panth, Shanaka J. Peiris, IMF Blogs
| The Business Standard Verified
Economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the war in Ukraine, a resurgent pandemic, and tightening global financial conditions. Regional gross domestic product will expand by 4.9 percent, 0.5 percentage points less than we forecast in January and slower than last year's 6.5 percent growth rate, according to our latest projections.
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