# Currency Devaluation

Collateral Damage: How Middle Eastern Turmoil is Stifling Africa’s Economic Recovery

A joint report from the African Union and the African Development Bank warns that the Middle East conflict poses a 'serious risk' to Africa’s economy by driving up living costs and suppressing growth. The crisis is triggering trade shocks, currency devaluations, and potential fertilizer shortages that threaten the continent’s food security and long-term GDP recovery.