The African Development Bank (AfDB) announced on Tuesday that it will launch its African Economic Outlook 2020 Supplement on Tuesday, July 7 through a live Zoom event holding from 13:30 to 15:00 (Nigerian time).
The coronavirus pandemic has severely affected the economic outlook of African economies and made disruptions to the earlier reported growth projections like the AfDB’s 2020 African Economic Outlook reported in January.
“The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of Covid-19 on Africa’s socioeconomic landscape. It recommends workable policy responses to safely reopen economies and accelerate growth recovery,” the bank said.
AfDB says that the supplement will be the first-ever published in the Bank’s 19-year history of the African Economic Outlook.
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It will be presented by Dr. Hanan Morsy, AfDB’s Director of Macroeconomic Policy, forecasting and research, and a panel made up of private sector practitioners and senior policymakers will discuss it.
The African Economic Outlook is the Bank’s flagship tool for policy dialogue, economic intelligence, and operational effectiveness, widely read by policymakers, investors, academics and many others.