East Africa’s economic recovery prospects facing headwinds
Rising public debt, mounting inflationary pressures, falling revenue collections and weakening currencies have combined to slow down the pace of economic recovery. PHOTO | FILE
East African countries face more hurdles in efforts to recover from the effects of the Covid-19 pandemic, signalling hard times for households and businesses.
Rising public debt, mounting inflationary pressures, falling revenue collections, weakening currencies, and the Russian invasion of Ukraine have combined to slow down the pace of economic recovery.
