African economies hard hit by coronavirus pandemic

Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but the economy is being pummelled.Here’s a look at the main issues.– Perfect storm recession –For the first time in 25 years sub-Saharan Africa is about to go into recession, according to World Bank estimates.Following 2.4 percent growth last year, the estimate for 2020 is between -2.1 and -5.1 percent as the economy contracts.This is in part a knock-on effect from the economic hits being taken by Africa’s main trading partners: China, the EU and the United States.Add to that the slump i…

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