5/6  BIS central bankers' speeches  6. Sixth, the preserved labour market in the pandemic conditions and a further rise in employment and wages represent the most significant source of personal consumption growth, which will, in our estimates, remain on a sound footing, contributing to economic growth, while not generating any major inflationary pressures.
The view of the WEO however is that the growth outlook for many African economies is  4  BIS Review 11/2002  expected to be held back by falling prices of almost all non-fuel commodities, especially coffee and cotton. The stronger the general global recovery, the quicker these commodity prices are expected to recover.