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Impact of COVID-19 on projected GDP growth in East Africa in 2020 and 2021

The economic growth in East Africa is expected to recover from the effects of coronavirus (COVID-19) in 2021. Before the pandemic, the GDP forecast for the aforementioned year was at 5.4 percent, a slight increase compared to 2020 (5.1 percent). With the crisis caused by the virus, the region is supposed to grow 3.7 percent in 2021, considering a baseline scenario. Facing the worst scenario (when COVID-19 persists to the end of 2020), the projected GDP growth is 0.2 percent in 2020 and 2.8 percent in 2021.

Impact of coronavirus (COVID-19) on projected GDP growth in East Africa in 2020 and 2021

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Source

Release date

July 2020

Region

Africa

Survey time period

2020 and 2021

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst scenario: pandemic continues to December

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Statistics on "Coronavirus (COVID-19) in East Africa"

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