Pandemic may cause Africa's 1st recession in 25 years: World Bank
- Country:
- South Africa
The World Bank on Thursday warned sub-Saharan Africa could slip into its first recession in a quarter of a century because of 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 Bank said in an assessment.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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