African GDP to contract 3.1% this year

Economic news

Following months of lockdowns which have muted economic activity, a Reuters poll taken last week suggested the region will contract 3.1% this year but bounce back to around 3.5% growth in 2021.
Some countries have begun relaxing restrictions but virus cases are still increasing, unlike in many developed countries that have started to show signs of recovery, so the uncertainty meant the range of forecasts for next year was wide between flatlining and 4.8% growth.

Source : Reuters Africa

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