Driven by a combination of higher commodity prices, the relaxing of lockdowns and a recovery in global trade, Africa has had some success in overcoming the recession provoked by the coronavirus pandemic and returned to growth in 2021.
Morocco
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Economic update | Africa: Year in Review 2021
8 Dec 2021
While Morocco was severely impacted by the pandemic, it is projected to return to positive growth in the near term.
Economic zones in Africa have had a significant impact on trade volumes across the continent, as well as on job creation and foreign direct investment inflows.
Economic update | Why are global food prices rising, and what does it mean for emerging markets?
13 Oct 2021
Despite an increase in crop production and international trade following a pandemic-disrupted 2020, global food prices have risen to 10-year highs, increasing pressure on many emerging markets.
Internationally known for its capital, Agadir – a traditional holiday destination for European tourists – Souss Massa is increasingly positioning itself as an industrial centre and strategic gateway between North and sub-Saharan Africa.
Economic update | Focus Report: How can Africa's leading sugar producers increase output?
18 Jun 2021
The African continent accounts for around 6% of global sugar output, half of which is concentrated in COMESA countries – a figure that is set to expand to 8% by 2029. While local production takes place on a relatively small scale, countries in the region are among the world's largest net exporters.