Impact of the Coronavirus Covid-19 on the African Economy

The Covid-19 crisis is affecting the entire world economy and that of Africa. Some key sectors of the African economy are already experiencing a slowdown as a result of the pandemic. Tourism, air transport, and the oil sector are visibly impacted. However, invisible impacts of Covid-19 are expected in 2020 regardless of the duration of the pandemic. To assess, scenarios have been constructed on the basis of assumptions which takes account of economic, demographic and social constraints.

The socio-economic impact of the Covid-19 crisis is real. It is therefore essential to inform the populations on the impact and advice policy-makers in order to better prepare and lessen the adverse impact of the pandemic.
In this regard, this paper structures the policy recommendations into two types:
i) Those responding to the immediate situation; and
ii) Those corresponding to the aftermath of the pandemic.
A paradigm shift is needed in order to change the trade patterns of African countries within themselves and with the rest of world. Africa should turn the current Covid-19 pandemic into an opportunity.

Read the latest African Union Report on impact of #COVID19 on African economies​