ANKARA

The coronavirus pandemic has “set off the first recession in the Sub-Saharan Africa region in 25 years,” the World Bank said on Thursday.

The latest Africa’s Pulse — the World Bank’s biannual analysis of the state of the region’s economies — estimates the deadly pandemic “could cost the region between $37 billion and $79 billion in terms of output losses for 2020.”

“The impact on household welfare is expected to be equally dramatic with welfare losses in the optimistic scenario projected to reach 7% in 2020, compared to a non-pandemic scenario,” the report predicted.

The bank also forecast the

Read more: Sub-Saharan Africa set for recession: World Bank