World Bank: Coronavirus Is Pushing Sub-Saharan Africa To First Recession In 25 Years

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The World Bank has projected that a recession is coming to sub-Saharan Africa for the first time in 25 years, driven by the coronavirus pandemic.

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, the World Bank says the region's economies could contract by as much as 5.1% this year. In 2019, they charted a rise of 2.4%. The financial institution expects the pandemic will cost the region between $37 billion and $79 billion.

The World Health Organization warned on Thursday that the virus was sweeping across the region."Among 47 countries in the World Health Organization African region, nearly 60% are reporting COVID-19 cases in multiple locations compared with around 21% two weeks ago," the WHO said in a press release. The virus is spreading outside major cities in many countries, and there are concerns about the number of beds and medical equipment available.

The bank is calling for countries to take steps such as cash transfers and food distribution to help workers, particularly those in informal jobs living hand-to-mouth. The African Unionthat nearly 20 million jobs are threatened across the entire continent"if the situation continues."

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