Modest economic rebound forecast for region after riding out Covid-19 shocks
Friday April 09 2021
A health worker administers the Covid-19 vaccine at Nyamata District Hospital in Bugesera, Rwanda on March 5, 2021. PHOTO | COURTESY
Summary
The growth is expected to rise between 2.3 and 3.4 percent in 2021, depending on the policies adopted by countries and international community.
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Sub-Saharan Africa economic growth is expected to be uneven in 2021 as a result of the second and third wave of the Covid-19 pandemic which is shooting down growth projections.
This is according to latest World Bank’s biannual economic analysis for the region titled The Future of Work in Africa: Emerging Trends in Digital Technology Adoption.
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Prospects for recovery strengthening in sub-Saharan Africa By OTIATO OPALI in Nairobi | China Daily Global | Updated: 2021-04-02 10:10 A worker packs alcohol at a liquor store as the sale of alcohol for off-site consumption will be prohibited over the Easter weekend, amid the spread of the COVID-19, in Johannesburg, South Africa, April 1, 2021. [Photo/Agencies]
Prospects for recovery in sub-Saharan Africa are strengthening amid actions taken to contain new waves of the pandemic and acceleration of vaccine rollouts, according to the World Bank s biannual economic analysis for the region released on Wednesday.
The report, The Future of Work in Africa: Emerging Trends in Digital Technology Adoption , shows economic recovery will be faster for African countries that deepen reforms and embrace digital technology.
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.