Coronavirus and African Economies: Are Dominoes Starting to Fall?
Only” 3,778 cases of COVID-19 were recorded in sub-Saharan Africa as of 1 April, according to the WHO. Whether the global pandemic is reaching the continent later or there are reporting challenges, it seems safe to assume that that these numbers will unfortunately rise.
Just like elsewhere in the world, COVID-19 puts Africa in a trying situation. It has the potential to quickly become a human tragedy, given weaker health systems. It is also turning into a deep economic crisis, with countries battling the fallout from the global recession and using their limited fiscal space to meet health needs, support their productive systems and protect jobs, amid high poverty rates and lack of safety nets.
By Giulia Pellegrini (ISPI)