Global Macro Service > Research Briefings > Africa

African giants stumble due to Covid-19 pandemic

The coronavirus-related knock to economic growth in Africa’s three largest economies alone is expected to shave 1 ppt off the continent’s GDP growth this year, from 3.8% to 2.8%. We will forecast the economic impact on other African nations more precisely in the coming weeks, but preliminary estimates point towards the weakest growth in Africa since the early-1990s.

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