The African economy is set to shrink by 1.6% in 2020, and real per capita income to fall by 3.9% on average, says the International Monetary Fund. That is the lowest growth figure for Africa since 1970.
“This is a crisis where we need to act now”, says Abebe Aemro Selassie, the Director of the IMF’s African Department, who spoke to The Africa Report from the virtual IMF/WB Spring Meeting
Source : The Africa Report
