The report said increased private consumption and declining inflation were supporting an economic rebound in Sub-Saharan Africa. The report, however, said the recovery remained fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence. “However, this recovery remains tenuous. While inflation is cooling across most economies, falling from a median of 7.1 to 5.
“This is insufficient to have a significant effect on poverty reduction. “Moreover, due to multiple factors including structural inequality, economic growth reduces poverty in Sub-Saharan Africa less than in other regions.” The report said transformative policies were needed to address deep-rooted inequality to sustain long-term growth and reduce poverty.
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