African Economic Outlook 2021: Africa’s growth prospects bullish despite COVID constraints and debt burden
Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021, the African Development Bank said in its 2021 African Economic Outlook report.
The outbreak of the novel coronavirus in December 2019 has taken a massive toll on Africa, hitting tourism-dependent economies, oil-exporting economies and other-resource intensive economies the hardest, as well as deepening inequality.
The African Economic Outlook, published annually since 2003, provides headline numbers on Africa’s economic performance and outlook. This year’s
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