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World Bank Sees Sub-Saharan Africa’s GDP Rebounding in 2021

  • Economic growth in the region may reach 2.1% next year
  • Pandemic has put ‘decade of hard-won growth at risk’
Kenyan Food Market Ahead of Economic Stimulus
Photographer: Patrick Meinhardt/Bloomberg
Updated on

Sub-Saharan Africa will probably reverse an economic contraction next year as countries in the region begin to ease movement restrictions, even as the impact of the coronavirus will endure for years to come, according to the World Bank.

The pandemic has put “a decade of hard-won economic progress at risk,” the Washington-based lender said Thursday in its outlook for the region. As many as 40 million people could be pushed into extreme poverty, erasing five years of gains fighting poverty, the bank said.