While Africa accounts for just a fraction of total Covid-19 cases globally, according to a Reuters tally, the economic impacts of the virus on its economy can be devastating, a study by the African Union says.
According to the study:
Economy could shrink 0.8 per cent
About 15pc of FDI can be lost
20 million jobs can be lost
20-30pc of fiscal revenue could be lost
Imports and exports may fall by 35pc from 2019 levels
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