Preserving Gambia’s recent gains & reviving economy after covid-19 will depend on strengthening resilience
Mar 19, 2021, 11:47 AM
BANJUL, The Gambia, March 18, 2021— Following two years of strong growth, at 6.1% in 2019 and 7.2% in 2018, The Gambia’s economy has been affected by the global COVID-19 pandemic and is expected to stagnate in 2020 due to trade disruption and the fall in tourism, according to the first World Bank Economic Update for The Gambia released today. Declining incomes, rising food prices, and school closures resulting from the health crisis took a toll on the livelihoods of many households. The economy is expected to gradually rebound in 2021 if the pandemic recedes and the global economy starts to recover.