Pandemic set to plunge sub-Saharan Africa into recession – IMF

The International Monetary Fund forecasts a 1.6% contraction for sub-Saharan Africa in 2020. coronavirus

The IMF said fiscal measures provided the keys for easing the slump and helping businesses recover once shutdowns are lifted.South Africa's central bank also predicted on Tuesday that the"Fiscal stimulus can preempt a steeper decline in confidence, lift aggregate demand, and avert an even deeper downturn," said the IMF.

"But it would most likely be more effective once the outbreak fades and people are able to move more freely."

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