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Home Africa

Sub-saharan Africa Economic Outlook report published

Mark-Anthony Johnson by Mark-Anthony Johnson
October 23, 2020
in Africa, African Union, DFI, Economy, FA, Finance, Report
Reading Time: 1 min read
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The latest Regional Economic Outlook for sub-Saharan #Africa discusses policies needed to build a better future for the region. Sub-Saharan Africa is contending with an unprecedented health and economic crisis – one that, in just a few months, has jeopardized years of hard-won development gains and upended the lives and livelihoods of millions.

The current outlook for 2020–21 is broadly in line with the June update, with activity in 2020 projected to contract by an extraordinary –3.0 percent, still representing the worst outcome on record. For 2021, regional growth should recover modestly to 3.1 percent, but many countries will not return to 2019 levels of output until 2022–24. And even this outcome is subject to some key downside risks, particularly regarding the ongoing path of the coronavirus disease (COVID-19) pandemic, the resilience of the region’s hard-pressed health systems, and the outlook for external financing.

Download report: https://lnkd.in/eW2q-ZG

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Tags: africaeconomic activityEconomic Growtheconomic outlookeconomic recessionEconomic recoveryEconomyFinanceIMFInternational Monetary FundMark-Anthony JohnsonRegional Economic OutlookReportsub-Saharan AfricaSub-saharan Africa Economic Outlook report publishedафрикаأفريقياアフリカ非洲
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Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

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