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Region was resilient as COVID-19 vaccination rollout campaigns aimed at vaccinating a majority of the populationCentral bank policy rates held steady for most countries supporting credit growth.

East Africa economies saw a rebound in activity with easing of lockdown down measures.

Tail Winds

A resilient US dollar combined with softer global commodity prices (except for oil) and lack of global travel to SSA impacted SSA national currencies negatively

The most countries experienced an uptick in inflation levels as a result of supply chain disruptions

Covid-19 outbreaks have impacted economic activity, weighing on tax revenues, even as public expenditure pressures have risen with demands for additional healthcare spending and stimulus.

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I&M Holdings Ltd. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 13:54:10 UTC.