Coronavirus: WorldBank Warns Of Recession In Africa | Sahara Reporters The region will fall into its first recession in 25 years, compared with 2.4 per cent growth last year, according to the World Bank’s Africa’s Pulse... COVID19 READ MORE:
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1 per cent to as low as -5.1 per cent this year due to the Covid-19 global crisis.
Many countries will also experience reduced tourism activity as well as the domestic measures to contain the Coronavirus global pandemic. The region, which had been expected to grow around 3.6 per cent this year, has been home to some of the world’s fastest-growing economies over the last decade.
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