Youth Unemployment and Inflation Stifle Africa’s Economic Growth and Stability

Africa’s young population faces high unemployment and inflation, stifling economic progress. Despite better education, many struggle to secure stable jobs, forcing them into informal work or multiple side hustles. Rising costs, especially for food, erode purchasing power, limiting consumer spending and slowing economic growth. Frustration with poor governance discourages investment, while political instability further deters business confidence. Many seek opportunities abroad, leading to brain drain, weakening local economies. Some turn to religion for hope, while others push for political change. Without urgent reforms to create sustainable jobs, Africa risks economic stagnation, increased inequality, and growing political unrest.

Source: The Economist