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Despite Africa achieving remarkable economic growth to become the second fastest-growing region in the world after Asia, the majority of its population still faces difficult living conditions. A recent report confirmed that 35% of adults are seeking jobs and facing unemployment, 79% suffer from low income, and 59% describe the economic situation as poor or very poor. The survey also showed that governments are failing to control prices and reduce the gap between the rich and the poor, despite some slight improvements compared to the COVID-19 pandemic. The deterioration is attributed to global conflicts and rising prices of essential commodities.
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