Cost Pressures From Ukraine War Hit African Economies, Data Show
- Business mood in six sub-Saharan African nations fell in March
- South Africa only economy tracked showing an improved PMI
Prices of items such as sunflower oil, crude, fertilizer and wheat have soared since it began.
Photographer: Trevor SnappThis article is for subscribers only.
Gauges measuring sentiment in the private sector fell in six of seven sub-Saharan African economies tracked in March, as supply disruptions from Russia’s invasion of Ukraine fan prices.
The war has exacerbated trade shocks caused by the coronavirus pandemic and extreme weather. Prices of items such as sunflower oil, crude, fertilizer and wheat have soared since it began.