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Growth in Sub-Saharan Africa to rise to 3 4% in 2021- World Bank

By Folasade Akpan Abuja, March 31, 2021 The World Bank says economic growth in Sub-Saharan Africa is expected to rise between 2.3 per cent and 3.4 per cent in 2021. It said this in its Africa Pulse, a publication on Africa’s economy titled “The Future of Work in Africa: Emerging Trends in Digital Technology Adoption” released in Washington D. C. on Tuesday. According to the report, the growth is dependent on the policies adopted by countries and the international community as a second wave of COVID-19 infections was partly dragging down the 2021 growth projections. It said that while some countries had a significant drop in COVID-19 infections due to containment measures adopted by the government, other countries were facing an upward trend in infections.

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Sub-Saharan Africa growth to hit 3 4% in 2021 — World Bank -

ECONOMY Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year. Stating this yesterday, the World Bank also said that prospects for recovery in SSA economies are strengthening amid actions to contain new waves of COVID-19 pandemic and speed up vaccine rollouts after an economic growth contraction in the region. According to the statement, “Growth in the region is forecast to rise between 2.3 and 3.4 percent in 2021, depending on the policies adopted by countries and the international community. “Real gross domestic product (GDP) growth for 2022 is estimated at 3.1 percent. For most countries in the region, activity will remain well below the pre-COVID-19 projections at the end of 2021, increasing the risk of long-lasting damage from the pandemic on people’s living standards”.

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Deepened reforms key to faster economic recovery in Sub-Saharan Africa: Report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events Africa s news leader

Deepened reforms key to faster economic recovery in Sub-Saharan Africa: Report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events Africa s news leader
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FG, China Finalise Financing Negotiations for Katsina-Maradi Rail Line, Others

FG, China Finalise Financing Negotiations for Katsina-Maradi Rail Line, Others
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