Wednesday, August 17, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Finance

Sub-Saharan Africa’s economy to grow by 3.4 pct in 2021: IMF

by SAT Reporter
April 16, 2021
in Finance, Just In
0
IMF, World Bank urged to aid middle-income country debt distress

Signage hangs at the International Monetary Fund (IMF) headquarters in Washington, D.C., U.S., on Tuesday, April 14, 2020. In its first World Economic Outlook report since the spread of the coronavirus and subsequent freezing of major economies, the IMF estimated today that global gross domestic product will shrink 3% this year. Photographer: Andrew Harrer/Bloomberg via Getty Images

0
VIEWS

NAIROBI, (The Southern African Times) – Sub-Saharan Africa’s economy is expected to increase by 3.4 percent in 2021, recovering from 1.9 percent contraction witnessed in 2020, the International Monetary Fund (IMF) said on Thursday.

According to the latest report titled “Regional Economic Outlook for Sub-Saharan Africa,” the region’s growth will be supported by improved exports and commodity prices, along with a recovery in both private consumption and investment.

The findings show that per capita output in the region is not expected to return to 2019 levels until after 2022 and in many countries, per capita incomes will not return to pre-crisis levels before 2025.

Abebe Aemro Selassie, director of the IMF’s African Department, said that the region is continuing to grapple with unprecedented health and economic crisis.

“Since our last assessment of the regional economic outlook in October 2020, the region has confronted a second pandemic wave, which outpaced the scale and speed of the first. And many countries continue to face or are bracing for further waves, particularly as access to vaccines remains scant,” Selassie added.

He observed that many Sub-Saharan African countries are struggling to vaccinate essential frontline workers. 

Previous Post

Namibia to lead economic recovery through three key goals: President

Next Post

Semenya wins 5,000m race, falls short of Tokyo qualifying time

SAT Reporter

Related Posts

William Ruto declared Winner of Kenyan Presidential election with a promise to unite the country
Politics

William Ruto declared Winner of Kenyan Presidential election with a promise to unite the country

by SAT Reporter
August 15, 2022
‘Sobering’ African Economic Outlook strikes a chord with US and UK stakeholders
Climate Change

‘Sobering’ African Economic Outlook strikes a chord with US and UK stakeholders

by SAT Reporter
August 15, 2022
Zimbabwe’s Central Bank to release smaller gold coins

Zimbabwe’s Central Bank to release smaller gold coins

by SAT Reporter
August 15, 2022
African observers laud Kenya for holding free, fair elections

African observers laud Kenya for holding free, fair elections

by SAT Reporter
August 13, 2022
More African Central Banks Are Exploring Digital Currencies
Finance

More African Central Banks Are Exploring Digital Currencies

by SAT Reporter
August 8, 2022
Next Post
Semenya wins 5,000m race, falls short of Tokyo qualifying time

Semenya wins 5,000m race, falls short of Tokyo qualifying time

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Climate change Content currency Explore Bali Finance football Investment Life Style Markets Market Stories Namibia news Oilandgas oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?