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Africa: Coronavirus Could Drive Up to 40 Million Into Extreme Poverty in 2020
World Bank, 8 October 2020
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first… Read more »
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Africa: Africa's Pulse - Charting the Way Forward
World Bank, 8 October 2020
The latest Africa’s Pulse, the economic analysis for the region, suggests governments prioritize policy reforms and investments to foster a strong economic recovery The… Read more »
Sub-Saharan Africa Faces First Recession in 25 Years
A World Bank report has confirmed that economic activity will decline by 3,3% in 2020. Covid-19 threatens to push up to 40 million people into extreme poverty in Africa, eroding many of the development gains of the past decade. The analysis recommends governments seize the opportunity within the crisis to develop policies and prioritize investments that build greater resilience, boost productivity and generate jobs.
The chart indicates growth from 2016 to 2019m, followed a contraction this year, then growth again in 2021 and 2022.
InFocus
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Every year, an estimated U.S.$88.6 billion, equivalent to 3.7% of Africa's GDP, leaves the continent as illicit capital flight, according to UNCTAD's Economic Development in Africa ... Read more »
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As of August 21, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,126,067 while 373,195,217 vaccinations have been administered across ... Read more »
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The Covid -19 pandemic is a setback to women's health across Africa. Downturns have been reported in the numbers of women seeking antenatal and postnatal services, while public ... Read more »
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According to WHO Regional Director for Africa Dr Matshidiso Moeti, the declining rate of Covid-19 infections across the continent is a result of robust and decisive public health ... Read more »
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Researchers at the African Union believe the continent will slip into a recession this year due to a huge fall in global oil prices and the impact the novel coronavirus pandemic ... Read more »
