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A slow road to recovery | Article Preview

The region’s economies on average will lose over 5% of output by 2024 relative to pre-pandemic trends, according to the IMF, Twenty months since Covid-19 first disrupted the global economy, the outlook for Africa s economies remains subdued. The upgrades by the International Monetary Fund (IMF) and World Bank at their annual meetings (compared to April) of their 2021 real GDP growth projections for sub-Saharan Africa (to 3.7% and 3.3%, respectively), and those for key North Africa economies, do not change the reality that Africa s recovery will lag behind global averages both this year and likely next.
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International Monetary Fund , World Bank , Saharan Africa , North Africa , A Slow Road To Recovery , Abebe Selassie , United States , Bond Issues , United Kingdom ,