Sub-Saharan Africa is projected to recover slowest from the covid-19 pandemic

Sub-Saharan Africa is projected to recover slowest from the covid-19 pandemic

Just as the covid-19 pandemic had different impact in different places, the recovery process will be unequal. Sub-Saharan Africa’s economy is projected to grow by 3.7% this year, but this will be the slowest among the world regions, as advanced markets grow by more than 5% and other emerging markets and developing countries grow by more than 6%, according to the International Monetary Fund (IMF.) The lender attributes sub-Saharan Africa’s lagging growth to slow vaccine rollout and differences in policy. The projections are in the IMF’s latest Regional Economic Outlook for Sub-Saharan Africa.