Even if Africa somehow avoided the worst of the coronavirus' human toll, it’s going to be near impossible to avoid a major economic drop of 1-2% in growth.
Not only are African countries fully integrated into the global economy but many states are often playing a weak hand as exporters of commodities whose prices have been falling precipitously. And for those who are importing goods their currencies are losing value against the dollar in an uncertain global economy. For several countries they have both of these challenges even as international investors start to turn away from Africa to worry about the problems at home. Read more ...