World Bank forecasts ‘weak’ recovery for South Africa from Covid-19

The World Bank expects South Africa’s recovery from the Covid-19 pandemic to be weak relative to most other countries in sub-Saharan Africa, forecasting an economic expansion of only 2.6% in 2021 on the back of a massive 7.2% contraction this year. In its latest ‘Africa’s Pulse’ publication, the bank attributed the sharp fall in gross domestic product (GDP) in 2020 to South Africa’s “strict national lockdown” and warned that future local lockdowns could stymie the economic recovery.