Posted by: APO | 14 September 2021

Somalia’s Economy Rebounding from ‘Triple Shock’

Somalia’s economy is rebounding from the “triple shock” that ravaged the country in 2020: the COVID-19 pandemic, extreme flooding, and the locust infestation. Real GDP growth is projected at 2.4 percent in 2021. This growth momentum is expected to continue in the medium term and reach pre-COVID-19 levels of 3.2 percent in 2023. The latest World Bank Somalia Economic Update reports that the economy… Read more on https://africa-newsroom.com/press/somalias-economy-rebounding-from-triple-shock?lang=en


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