COVID-19 pandemic and the African economy
The spillover effects
Keywords:
COVID-19, coronavirus, pandemic, financial crisis, spilloversAbstract
The quick transformation of a health challenge caused by the outbreak of the Covid-19 pandemic that originated in Wuhan, China sometime in 2019 to a financial and economic crisis is intriguing. What is more disturbing is the speed at which lives are being lost and the spillover effects that are impacting the world economy and indeed African economies at this age and time with the advancement in technology and medical expertise? The spread of the pandemic is swift because of its crippling impact on the lives of citizens and the economies of nations. The paper adopted content analysis as a methodology in the study. And the study reveals how the spread of the Covid-19 pandemic has infected over 150 countries of the world and has had serious spillover effects on the economies of many African countries and responses to the pandemic are varied by various countries on the continent to contain the virus, to save lives and safeguard their economies.
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