Youth Unemployment and Inflation Stifle Africa’s Economic Growth and Stability
The young population in Africa faces high unemployment and inflation, killing economic progress. Despite better education, many people are struggling to get stable jobs, forcing them to enter informal work or multiple side barriers. Rising costs, especially food, erode purchasing power, limit consumer spending and slow economic growth. Frustration with poor governance can prevent investment, while political instability further prevents business confidence. Many people seek opportunities abroad, causing brain consumption and weakening the local economy. Some turn to religion for hope, while others work to make political change. Without urgent reforms to create sustainable jobs, Africa will risk economic stagnation, increasing inequality and growing political unrest.
source: economist
