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Covid-19 drives sub-Saharan Africa toward first recession in 25 yrs: World Bank study

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Logistics Update Africa
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Covid-19 drives sub-Saharan Africa toward first recession in 25 yrs: World Bank study

Growth in sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region over the past 25 years, according to the latest Africa's Pulse, the World Bank's twice-yearly economic update for the region.

 

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Logistics Update Africa