Regional Economic Outlook - Sub-Saharan Africa
#economy
#economic risk
#economics and country risk
The coronavirus (COVID-19) crisis continues. Sub-Saharan Africa is still in the grip of a health and economic emergency. A year ago, most African countries swiftly implemented national lockdowns to contain the virus and spare the region from the worst of the crisis. While vital in saving lives, these measures added to the global recession and had a dramatic impact on local economies, prompting sub-Saharan Africa to shrink by an extraordinary –1.9 percent in 2020—the worst
outcome on record.
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