49 million Africans could become poorer Due to the pandemic- AfDB

The African Development Bank (AFDB) has stated that the coronavirus pandemic can push 49 million Africans into extreme poverty.

On Tuesday the African Development Bank said West and Central Africa would be the most affected by the economic downturn.

The bank plans to bounce back from the pandemic in 2021.

The AfBD predicts that the gross domestic product will contract 3.4% by 2020.

The figures were included in the African Economic Outlook review published by the AfDB before the pandemic.

The big economies in Africa have been struck hard by this pandemic, such as South Africa and oil exporters as Nigeria, Angola and Algeria.

Lockdowns in numerous countries have disrupted markets and made millions unemployed.

The pandemic last week with the World Monetary Fund, where the world economies would decline by 4.9%, was widely affected by the global economy compared to a 3.0%contraction expected in April.

source: Daily Graphic

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