Home Business World Bank: Sub-Saharan Africa economies to grow 3.4 per cent this year

World Bank: Sub-Saharan Africa economies to grow 3.4 per cent this year

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The Standard | by Reuters


Sub-Saharan Africa is expected to post economic growth of 2.3 per cent-3.4 per cent this year, the World Bank said in a new report on Wednesday, bouncing back from a pandemic-induced 2.0 per cent contraction last year.

Like other economies around the world, the region was forced to adopt strict lockdown measures in the first quarter of last year to try to curb the spread of the coronavirus, hitting key economic activities like tourism and trade.

“For most countries in the region, activity will remain well below…

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