IMF Estimates a 3% Growth Contraction for Sub-Saharan Africa | Africanews


Covid-19 Has Hit the World’s Economies

The International Monetary Fund (IMF) predicts a 4.4% decline in growth in 2020 as the global economy struggles to recover from the pandemic-induced recession and experiences its worst collapse in nearly a century.

By comparison, the international economy contracted by a far smaller 0.1% after the devastating financial crisis of 2008. The IMF’s forecast for 2020 in its latest World Economic Outlook represents an upgrade of a 0.8% point from its previous forecast in June.

But Hope is Not…



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