Mr Stephen Karingi, Director, Regional Trade and Integration, United Nations Economic Commission for Africa (UNECA), says African economy will lose 65 billion dollars if there is a full lockdown of the landmass due to COVID-19.
Karingi said this during the World Health Organization (WHO) and World Economic Forum (WEF) virtual joint press instructions on Thursday.
The chief said that the African economy would differentiate as much as three percent in 2020.
As per him, an investigation done by UNECA demonstrated that consistently the African economy would lose 2.5 percent of its GDP if an absolute lockdown was proclaimed, read more news here.
“This is about 6.5 billion dollars every month based on the intensity and strictness of the lockdown.
If we have a full lockdown of the whole continent, we would lose $65 billion,” he said.
