After a difficult year in 2020, marked by a decline in growth and a recession due to the impact of COVID-19, growth in Africa should globally rebound moderately to 2.7% in 2021, said the World Bank. Five countries: Djibouti, Kenya, Tunisia, Rwanda and Botswana will stand out, according to its ranking.
Bilkiss Mentari, Paris
After a difficult year in 2020, marked by a decline in growth and a recession due to the impact of COVID-19, growth in Africa should overall rebound moderately this year. This is what emerged from the latest World Bank’s Global Economic Prospects Report.
2.7% in 2021 against 3.1% initially forecast
Hence, for the year 2021, the Institution is counting on still moderate growth projections for Africa – 2.7% against 3.1% initially expected. Moreover, only a handful of countries should record a fairly sustained rebound in economic activity, according to the data published by the WB.
These include five countries at the top of the ranking, Djibouti (7.1%), Kenya (6.9%) and Tunisia (5.8%), which is emerging from a sharp recession (-9.1%), Rwanda and Botswana, that also saw contractions in their economies in 2020, by -0.2% and -9.1%, respectively. These two countries are each expected to grow by 5.7%. They are expected to be the African growth champions on the continent.
47 African countries are expected to experience some rebound in economic activity in 2021, with varying rate levels
Thus, 47 African countries are expected to see some rebound in economic activity in 2021, with varying rate levels. On the other hand, three countries on the continent should still be in recession. These are Congo, Equatorial Guinea and South Sudan.