Covid-19: 50 Million people in Africa could endure extreme poverty

Covid-19: 50 Million people in Africa could endure extreme poverty

- About 49 million Africans could end up poor due to the outbreak of the coronavirus, the African Development Bank has noted

- It added that West and Central Africa are the areas likely to be worst hit by the pandemic

- The bank also noted that Africa’s gross domestic product (GDP) could contract by 3.4% in 2020

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The African Development Bank (AfDB) has predicted that about 49 million Africans could be pushed into poverty due to the outbreak of the coronavirus.

It added that Western and Central African countries are more likely to be hit by poverty.

The AfDB has, however, projected that the economy is likely to rebound in the year 2021.

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Per a report by graphic.com.gh, it went on to say that Africa’s gross domestic product (GDP) could contract by 3.4% in 2020.

Briefly.co.za understands that the figures were included in a variation of the bank’s African Economic Outlook, which was originally published before the outbreak of COVID-19.

COVID-19: Almost 50 million people in Africa could endure extreme poverty - AfDB

President of African Development Bank, Akinwumi A. Adesina Source: Africanews
Source: UGC

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Source: Briefly.co.za

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