Goldman forecasts pandemic to blow $75bn funding hole in Africa
Most severe effect of crisis will be on already stretched fiscal balances, economists say
09 April 2020 - 16:08
Dubai — The funding needs of governments in sub-Saharan Africa could rise by $75bn as the coronavirus pandemic hammers their economies, according to Goldman Sachs Group.
“Possibly the most severe impact of the crisis will be on already stretched fiscal balances,” Dylan Smith and Andrew Matheny, London-based economists at the bank, said in a research note this week...
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