The Covid-19 pandemic looks set to devastate African economies. A dramatic increase in public expenditure with a sharp drop in revenues on the back of global market turmoil, declining commodity prices and sharp declines in key sectors such as travel and tourism will have a profound and lasting impact.

While numbers are still uncertain, the global economy is expected to shrink by a huge 5.2% this year, with Sub-Saharan Africa’s economy declining by more than 3%. This follows a period of modest economic performance in recent years, with GDP growth barely matching the continent’s 2.7% population growth rate...

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