The lockdown in Africa continues to pick pace as more cases are increasingly being reported across the continent. The pandemic, spreading fast, has already started to peel into African economies.
According to a United Nations report on the economic impact on Covid-19 on Africa, the economic growth on the continent is expected to drop from 3.2% to 1.8%.
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To put that in another perspective, the effects of Covid-19 will cost the continent USD $29 billion as of March 2020.
Some of the African countries expected to be hardest hit include:
According to some analysts, Africa may lose half of its gross domestic product as a result.
The report also warns that it could get worse in the coming months as more countries report coronavirus infections within their borders.
The effects are shown below:
Below is a breakdown of key exports and imports expected to see immediate and significant impact.
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