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Sub-Saharan Africa Sovereigns Face Iran Shock from Stronger Starting Point

Sub-Saharan African (SSA) sovereigns face the external shock precipitated by the US-Iran war from a stronger starting point than when Russia invaded Ukraine in 2022, Fitch Ratings says in a new report. Improvements to monetary, fiscal and macroeconomic policy settings and metrics have enhanced the region’s resilience, but the war’s impact will test its depth and durability. [....]