Nigeria, South Africa Going Into Recession: World Bank
April 10, 2020
7:15 am
The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and Angola into recession, the first for Sub-saharan bloc in 25 years.
In a statement, the bank said growth in Africa will fall sharply from 2.4 per cent in 2019 to -2.1 to -5.1 per cent in 2020.
…βWhile most countries in the region have been affected in different degrees by the pandemic, real gross domestic product growth is projected to fall sharply, particularly in the regionβs three largest economies like Nigeria, Angola, and South Africa, as a result of persistently
