US News: The IMF provides for a modest recovery of growth in Africa in 2021 and 2022

Global Economy: IMF lowers forecast for growth Minor

 Global Economy: IMF lowers forecast for growth Minor The International Monetary Fund (IMF) has reduced its prognosis for the growth of the global economy this year marginal by 0.1 percentage points to 5.9 percent. © - / quinatopix / ap / dpa container via container - symbol of the world economy. For 2022, the IMF continues to expect growth of 4.9 percent, as in the previous prognosis of July, as the organization declared Tuesday.

Selon le FMI, la croissance en Afrique pâtit du faible taux de vaccination contre le Covid-19 © Paul J. Richards by IMF, growth in Africa suffers low vaccination rate against CVIV-19

The International Monetary Fund (IMF ) provides for a more modest growth in Africa than in the rest of the world, in 2021 and 2022, the low vaccination rate against CVIV-19 on the continent explaining this delay.

Growth for sub-Saharan Africa must be 3.7% in 2021 and 3.8% in 2022, "a welcome but relatively modest recovery", the institution in its forecasts published on Thursday.

"The recovery in sub-Saharan Africa will be the slowest in the world seen that developed economies will grow by more than 5% and emerging or developing countries of more than 6%," continues the IMF.

Afghanistan looks into the economic abyss

 Afghanistan looks into the economic abyss Afghanistan's economy shrinks by up to 30 percent this year, according to the International Monetary Fund (IMF). That's all the more dramatic, because the country is already working at an extremely low level.

According to the IMF, the very low vaccination rate on the continent - 2.5% of the population early October - explains largely this offset.

"Without vaccines, the confines were the only option to contain the virus. Even if 12 billion doses of vaccines should be produced in 2021, it will probably take more than one year for a significant number of people to be vaccinated" On the continent add the IMF.

Although Africa has been the least affected by the Covid-19 pandemic, it has also experienced several waves of the disease and some countries such as South Africa, its most industrialized economy, has paid A heavy tribute.

"International Cooperation on Immunization is crucial (...) This would help reduce the gaps between sub-Saharan Africa and the rest of the world and preventing them from becoming permanent fracture lines, endangering Decades of hard-earned economic and social progress, "says Abebe Aemro Selassie, Director of the IMF Africa Department.

Afghanistan's economy before the Abyss

 Afghanistan's economy before the Abyss Afghanistan's economy shrinks by up to 30 percent this year, according to the International Monetary Fund (IMF). That's all the more dramatic, because the country is already working at an extremely low level. © Copyright Andrew Harnik / AP Photo After the Taliban's power of power, all non-humanitarian aid for Afghanistan has been stopped, foreign assets have been largely frozen IMF warns of a serious budgetary and balance of payments of the Afghan economy dependent on help.

In detail, in South Africa, growth is expected to be 5% this year, better than expected, but find a more modest level (+ 2.2%) next year, lack of structural reforms, according to the IMF.

The Nigerian economy is expected to increase by 2.6%, thanks to the high level of the price of oil, even if the production of black gold will remain below the front level Covid. The IMF expects 2.7% growth in 2022 in the most populous country in Africa.

In Angola, another economy that matters a lot on oil, the IMF provides for a contraction of GDP by 0.7% in 2021, before a growth of 2.7% in 2022, ending six years consecutive recession, thanks to Reforms engaged in recent years.

On the side of the countries very dependent on tourism such as Cape Verde, Mauritius, The Gambia or Seychelles, if growth has found its pre-covid levels, the losses recorded in 2020 will be difficult to erase.

Finally, in the most fragile economies, the security situation (in the Sahel in particular) or political (in Chad and Guinea) could "undermine the expected consumption rebound and the confidence of investors", warns the IMF.

PID / STB / JHD

Afghanistan: We must avoid the politicization of the .
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