Impact of COVID-19 on Africa Economy Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

By | July 7, 2020

Africa is the second-largest continent by population and area globally. As per the International Monetary Fund, the GDP of the region was nearly $2.4 trillion in 2019. The region showed a growth of 3.2% in 2019 as compared to 3.4% in 2018. Earlier to the pandemic, the IMF has projected a growth of 3.8% of the region for 2020. The cases related to pandemic were comparatively less in the region. Till 11th April 2020, around 13,500 cases and 700 fatalities were registered in the region. However, as per the WHO, some countries in Africa could witness considerable growth in COVID-19 cases in the near future. The WHO has advised the African countries to increase their COVID-19 testing capacity.

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