By Kemo Cham
The COVID-19 pandemic is having a significant impact on Sierra Leone’s medium-term growth prospects, with the economy projected to contract by 2.3 to 4.0 percent in 2020 due to disruption in global trade, travel restrictions and domestic restrictions on mobility, a new World Bank report shows.
The report launched recently in Freetown notes that the fiscal and current account deficits were expected to increase due to increased crisis-related spending, while inflation is also expected to rise.