April 09, 2020 05:46 pm | Updated 05:46 pm IST - Johannesburg
Africa might see its first recession in the region in 25 years
The World Bank on Thursday warned sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic.
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“We project that economic growth in Sub-Saharan Africa will decline from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region in 25 years,” the Bank said in an assessment.
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