Browsing: Fiscal stimulus

The lockdown measures no doubt worked in saving lives but brought a recession to the region due to the dramatic impact on local economies. The SSA which was experiencing the first recession in 25 years has been hit hard and the journey ahead remains difficult because of the lack of vaccines and fiscal stimulus which are a threat to Africa’s economic rebound.

In 2020, Sub-Saharan Africa’s economy shrunk by an extraordinary –1.9 per cent which was the worst outcome on record.