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Video April 21, 2020

Africa’s Pulse: COVID-19 (Coronavirus) Causes First Recession in 25 Years

The World Bank's latest Africa's Pulse on the economic outlook in Africa says the COVID-19 pandemic is likely to drive Sub-Saharan Africa into its first recession in 25 years, with growth potentially falling as low as negative 5.1% in 2020. Production losses in Sub-Saharan African countries are likely to be between $37 and $79 billion in 2020 and agricultural production is projected to contract from 2.6 to 7%. Trade disruptions could also reduce imports of food products and destabilize food security. All of these effects could have devastating consequences for household well-being. The report suggests some urgent actions to take to mitigate these risks.