(2 minutes read)
· As per the projections in the January 2021 World Bank Global Economic Outlook report, 47 African nations expected to witness rebound in economic activity in 2021
· Kenya, Djibouti, Rwanda, Botswana and Tunisia are expected to lead economic growth in Africa this year
· According to the IMF, three African nations; Congo, Equatorial Guinea and South Sudan should still be in recession
As per the projections in the January 2021 World Bank Global Economic Outlook report, 47 African nations expected to witness rebound in economic activity in 2021. Kenya, Djibouti, Rwanda, Botswana and Tunisia are expected to lead economic growth in Africa this year. Although growth projections are relatively moderate for Africa in 2021, a handful of countries are expected to record a sustained rebound in economic activity. Growth for Djibouti and Kenya will be at 7.1 percent and 6.9 percent respectively.
Tunisia follows at 5.8 percent, Rwanda and Botswana are expected to grow at 5.7 percent this year. The latter saw their economies contracting in 2020 by -0.2 percent and -9.1 percent respectively.
According to the IMF, three African nations; Congo, Equatorial Guinea and South Sudan should still be in recession.
