GROWTH in the Sub-Saharan region is forecast to rise between 2.3 and 3.4 percent in 2021, supported by strong agricultural growth and a faster-than expected recovery in commodity prices. Strong agricultural growth and a faster-than expected recovery in commodity prices has helped many African economies weather the economic storm induced by the Covid-19 pandemic. Prospects therefore for recovery in the Sub-Saharan Africa are strengthening amid actions to contain new waves of the pandemic and speed up vaccine rollouts. This is according to the World Bank’s biannual Economic Analysis for the region. The World Bank in its latest Africa’s Pulse dubbed “The Future of Work in Africa: Emerging Trends in Digital Technology Adoption”, said growth was forecast to rise between 2.3 and 3.4 percent in 2021, depending on the policies adopted by countries and the international community. Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0 percent in 2020, closer to the lower […]
World Bank projects Africa’s growth at 3.4pc
