Africa Economic Overview
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Isaiah Mhlanga, Chief Economist, Alexander Forbes talks about Current economic status of Africa?
Largest economies
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.
The continent is in a critical phase of the implementation of the African Continental Free Trade Area (AfCFTA).
Largest economies
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.
The continent is in a critical phase of the implementation of the African Continental Free Trade Area (AfCFTA).
