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| Coronavirus: World Bank predicts sub-Saharan Africa recession | Coronavirus: World Bank predicts sub-Saharan Africa recession |
| (32 minutes later) | |
| Sub-Saharan Africa will this year suffer its first recession for 25 years as a consequence of the coronavirus outbreak, a World Bank report predicts. | Sub-Saharan Africa will this year suffer its first recession for 25 years as a consequence of the coronavirus outbreak, a World Bank report predicts. |
| In a grim assessment, the bank says that the region's economy could shrink by as much as 5.1%. | In a grim assessment, the bank says that the region's economy could shrink by as much as 5.1%. |
| It points to the impact that the virus will have on Africa's key trading partners as well as a fall in commodity prices as the main causes. | It points to the impact that the virus will have on Africa's key trading partners as well as a fall in commodity prices as the main causes. |
| Several African countries are using lockdowns to control the virus' spread. | Several African countries are using lockdowns to control the virus' spread. |
| These will also negatively affect economic growth. | These will also negatively affect economic growth. |
| There are currently more than 11,000 confirmed cases of Covid-19, the disease caused by the virus, and there have been more than 570 confirmed deaths across Africa. | There are currently more than 11,000 confirmed cases of Covid-19, the disease caused by the virus, and there have been more than 570 confirmed deaths across Africa. |
| South Africa, one of the continent's largest economies, has been the worst hit and is about to enter the third week of a strict lockdown. | South Africa, one of the continent's largest economies, has been the worst hit and is about to enter the third week of a strict lockdown. |
| The World Bank said that sub-Saharan Africa could need an economic stimulus of as much as $100bn (£80bn) to help it recover. | The World Bank said that sub-Saharan Africa could need an economic stimulus of as much as $100bn (£80bn) to help it recover. |
| The package should include temporary debt relief amounting to $44bn, the World Bank added. | The package should include temporary debt relief amounting to $44bn, the World Bank added. |
| "Africa alone will not be able to contain the disease and its impacts on its own," Albert Zeufack, the bank's chief economist for Africa, said. |