Sub-Saharan GDP to contract 3.1pc
Business
By
Reuters
| Jul 25, 2020
Sub-Saharan Africa’s economy will contract this year after shutdowns disrupted activity and as daily cases of coronavirus are still rising but a recovery is expected next year, a Reuters poll has found.
The poll taken in the past week suggested the region will contract 3.1 per cent this year but bounce back to around 3.5 per cent growth in 2021.
Some countries have begun relaxing restrictions but virus cases are still increasing.
Share this story
- Hiring civil servants on contract will fuel corruption, experts say
- Kenyan retailers ready to pounce as Ethiopia to open up market
- KQ suspends flights to Kinshasa over detention of staff
- Is government on 'fuliza' mode?