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Browsing: World Bank report on Sub Saharan Africa
The Sub-Saharan Africa economic growth is forecast to resume to 2.8 percent in 2021 and further rise to 3.3 percent in 2022 according to World Bank.
The growth is due to higher commodity prices, containment of the pandemic, and stronger external demand mostly from the United States and China.
According to the recently updated report from World Bank, despite the provision of vaccines by COVAX, procurements, and logistics challenges are expected to continue to affect the rollout of the vaccination. In the Central African Republic, Kenya, Niger, and Equatorial Guinea delays in major investments in extractives and infrastructure due to policy uncertainty and the existing effects of the pandemic will affect the recovery of the economies.
“Per capita income levels in 2022 are expected to be 4% lower on average than in 2019. Conditions in the region’s fragile and conflict-affected countries are expected to be particularly challenging; their average output …