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Pandemic May Cause Africa’s 1st Recession In 25 Years – World Bank

 

The World Financial institution on Thursday warned sub-Saharan Africa may slip into its first recession in 1 / 4 of century due to the coronavirus pandemic.

“We project that economic growth in Sub-Saharan Africa will decline from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region in 25 years,” the Financial institution mentioned in an evaluation.

AFP

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