⁍ Recovery among Africa’s major economies will be mixed and mostly tepid, favouring the more diversified rather than heavily reliant on commodity exports.

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⁍ The coronavirus has hit spending in Africa this year and in particular hampered economies that either export raw commodities or depend on tourism.

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– Africa’s economic recovery is expected to be “mixed and mostly tepid” over the next few years, a Reuters poll finds. Weak commodity exports and the impact of the coronavirus are expected to hurt Nigeria the most, with the country expected to shrink 4.0% this year before growing 2.0% in 2021. South Africa, meanwhile, is expected to shrink 8.5% this year before growing 3.5% in 2021. “The economic rebound will be slow, partly because many African countries’ fiscal positions will be a constraint on growth,” says an analyst. “From a regional perspective, most of the fastest-growing countries will be in East Africa.”