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Euronews
Euronews
Jerry Fisayo-Bambi

Middle East war will slow down economic growth in Africa as cost of living crisis soars, IMF warns

A new wave of global shocks mainly caused by the war in the Middle East is pushing up the cost of living once again and bringing about a revised economic outlook, the IMF's outlook report for sub-Saharan Africa titled 'Hard-Won Gains Under Pressure' shows.

From food to fuel costs, and fertiliser prices, the pressure is being felt on the ground—raising fresh concerns about economic resilience across the region in 2026.

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