Africa ‘faces complete collapse of economies’ over Coronavirus

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More than half of the continent’s 54 countries have foist isolation, curfews, travel limitation and other measures in a bid to prevent the local transference of the virus. There are now more than 1.2m cases world-wide and the virus has caused more than 65,000 deaths, with China, the US and Italy.

Covid-19 Cases and death in Africa

Africa has so far set a record of just 8,000 cases of coronavirus and 334 deaths, while 702 people have recovered, Base on the the Africa centres for Disease control and prevention.

While the region’s most developed country, South Africa, has proven itself Motionless well organized in responding to the virus, setting up drive-through testing centres and mobile medical units, others are likely to prove far more Helpless.

We’ve been through a lot on the continent,” ?Ms Eziakonwa, the UN’s development programme regional director for Africa, told the AP. “Ebola, yes, African governments took a hit, but we have not seen anything like this before.

The African labour market is driven by imports and exports and with the quarantine  everywhere in the globally, it means basically that the economy is frozen in place. And with that, of course, all the jobs are gone

Mrs Eziakonwa said Unless the virus increase can be controlled, up to 50 per cent of all jut out job growth in Africa will be lost as aviation, the service industry, exports, mining, agriculture and the informal sector all suffer,

“We will see a complete collapse of economies and livelihoods,” ?she warned. “Livelihoods will be wiped out in a way we have never seen before.”

UN Economic Commission for Africa (Uneca)  as well utter that  the widespread could seriously hamper already stagnant growth, with oil-exporting nations like Nigeria and Angola losing up to £52bn in revenue as prices tumble.

Economies in sub-Saharan Africa are regarded as especially at risk because many are heavily indebted and some struggle just to implement their budgets under less stressful situation.

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