Sub-Saharan Africa: IMF projects 3.4% growth in economic activity in 2021

The International Monetary Fund (IMF) has projected economic activity in Sub-Saharan Africa to grow by 3.4% in 2021.

“In 2021, the region’s economy is expected to resume expansion at 3.4 percent, weaker than the 6 percent for the rest of the world, amid a continued lack of access to vaccines and limited policy space to support the crisis response and recovery,” according to the latest IMF’s Regional Economic Outlook.

The latest Regional Economic Outlook for Sub-Saharan Africa projects economic activity in the region to grow by 3.4% in 2021, after a decline of -1.9% in 2020, the slowest on record. Read more here: https://t.co/cm2FeSbmym #IMFAfrica pic.twitter.com/neNgFlRc82

— IMF (@IMFNews) April 15, 2021

Amaka E. Nliam