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COVID-19: Almost 50M people in Africa could face extreme poverty, AfDB says

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COVID-19: Almost 50M people in Africa could face extreme poverty, AfDB says by Kenyans247(1): Wed 08, July, 2020 09:39pm
- The African Development Bank noted West and Central Africa are the areas likely to be worst hit by the pandemic - The bank noted Africa’s gross domestic product (GDP) could contract by 3.4% in 2020 - On a global scale, the International Monetary Fund (IMF) predicted the world’s economy could likely shrink by 4.9% instead of the 3% contraction predicted in April The African Development Bank (AfDB) has predicted about 49 million Africans could be pushed into poverty due to the effects of coronavirus pandemic. It said Western and Central African countries are more likely to be hit by poverty. Read more: https://www.tuko.co.ke/367183-covid-19-almost-50m-people-africa-endure-extreme-poverty-afdb.html

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