Since the COVID-19 outbreak was first diagnosed, it has spread to over 200 countries all over the world .
The pandemic is negatively affecting global economic growth beyond anything experienced in nearly a century. Estimates so far indicate the virus could trim global economic growth by 3.0% to 6.0% in 2020, with a partial recovery in 2021, assuming there is not a second wave of infections. The economic fallout from the pandemic raises the risks of a global economic recession with levels of unemployment not experienced since the Great Depression of the 1930s.
The COVID-19 pandemic and attendant economic disruptions have significantly upended growth prospects of African economies.
How African countries respond and adapt in the coming year will have enormous implications for recovery. Africa will require a mix of inward-looking and homegrown innovative solutions to spur recovery.
Join me at the EBII Africa Investment Risk and Compliance Summit on 21st August– Ebenezer Onyeagwu
Visit https://zoom.us/webinar/register/WN_u2HLVLatSHqkY5g5XfWRew
The pandemic is negatively affecting global economic growth beyond anything experienced in nearly a century. Estimates so far indicate the virus could trim global economic growth by 3.0% to 6.0% in 2020, with a partial recovery in 2021, assuming there is not a second wave of infections. The economic fallout from the pandemic raises the risks of a global economic recession with levels of unemployment not experienced since the Great Depression of the 1930s.
How African countries respond and adapt in the coming year will have enormous implications for recovery. Africa will require a mix of inward-looking and homegrown innovative solutions to spur recovery.
Join me at the EBII Africa Investment Risk and Compliance Summit on 21st August– Ebenezer Onyeagwu
Visit https://zoom.us/webinar/register/WN_u2HLVLatSHqkY5g5XfWRew
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