Browsing: 2021 African Economic Outlook report

An informal settlement in South Africa. The projected continent-wide economic recovery will not favour populations with lower levels of education, few assets and those working in informal jobs. www.theexchange.africa

Africa is expected to recover from its worst recession in half a century and reach 3.4 per cent growth in 2021.
This growth which is expected to defy the effects of increasing debt burden and the Covid-19 pandemic does not however promise to wipe out poverty but instead an estimated 39 million more Africans could possibly slip into extreme poverty this year in addition to the about 30 million who were pushed into extreme poverty in 2020 as a result of the pandemic.…