The Economics Blog

Africa like many regions across the world had a turbulent 2020.

The COVID-19 crisis tossed the continent in several directions and threatened to sink many of its economies. While countries across the continent have managed to curb the spread of the virus and are working actively towards a vaccine rollout, the anxieties unleashed by the pandemic from the previous year still persist.

The region experienced its first recession in 25 years, threatening to upend decades of hard-won economic progress. According to the World Bank, economic activity contracted by 3.7 percent last year, and growth is forecasted to remain at an average pace of 3 percent between 2021 and 2022.

As the rest of the world gets jabs, Africa risks being left behind. This has severe ramifications for its debilitating economy and its already vulnerable 1.3 billion citizens. There is also an imminent risk that living standards will drop dramatically with…

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