The World Bank has said that Nigeria and 39 other countries may not return to pre-COVID-19 levels of Gross Domestic Product per capita even by 2026 despite projected rates of economic growth.
It said this in a new report titled ‘From double shock to double recovery – Implications and options for health financing in the time of COVID-19’.
According to the report, the COVID-19 pandemic resulted in a deep economic contraction in 2020.
“COVID-19 led to a deep economic contraction in 2020. On average, country GDP per capita is estimated to have contracted…