World Bank: Coronavirus Is Pushing Sub-Saharan Africa To First Recession In 25 Years
Sub-Saharan Africa is home to some of the world's fastest-growing economies. But the World Bank projects its economies could pull back as much as 5.1% this year, driven by the coronavirus pandemic.
The World Bank has projected that a recession is coming to sub-Saharan African for the first time in 25 years â due to an economic downturn caused by the coronavirus pandemic.
Sub-Saharan Africa of the world's fastest-growing economies and, the World Bank says the region's economies could contract by as much as 5.1% this year. In 2019, they charted a rise of 2.4%. The financial institution expects the pandemic will cost the region between $37 billion and $79 billion.
