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Thursday, July 9, 2020

Africa to rebound from pandemic slump in 2021 but damage done: African Development Bank (AfDB)

Title:
Africa to rebound from pandemic slump in 2021 but damage done: AfDB

Published:
The Southern African Times, 9 July 2020
https://thesouthernafricantimes.com/africa-to-rebound-from-pandemic-slump-in-2021-but-damage-done-afdb

From the article:
Africa is expected to partially rebound next year from a pandemic-induced economic slump, but it could still lose nearly a quarter of a trillion dollars in economic output in 2020 and 2021, the African Development Bank (AfDB) said on Tuesday.

Africa has so far largely been spared the rampant infections and heavy death tolls seen in Europe and the United States. Its hardest-hit nation, South Africa, has recorded around 200,000 cases of COVID-19 and just over 3,100 deaths.