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The World Bank predicts that Sub-Saharan Africa will experience its first recession in 25 years due to the coronavirus pandemic. The bank estimates the sub-Saharan economy could shrink by up to 5.1% as a result of decreased trade with major partners and lower commodity prices. Over 20 million jobs have already been lost on the continent and lockdowns to control the spread of the virus are harming economic growth. The World Bank says Sub-Saharan Africa may need over $100 billion in stimulus to recover from t

Author

Francis

Language

EN