Eastern Africa
East Africa holds its ground as Africa’s fastest growing region
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the African Development Bank’s East Africa Regional Economic Outlook 2020.
The projection is under the baseline scenario that assumes the virus is contained by the third quarter of this year.
Prior to the COVID-19 pandemic, the East Africa region’s economic growth was projected at more than 5%, well above continent’s average of 3.3% and global average of 2.9%. However, COVID-19-induced shocks and
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