Covid-19

What’s making news on the African continent; we are zooming into economic impact of the CORONA virus also known as COVID 19. According to media reports, surveys of China’s manufacturing and services sector plunged to record lows in February. Although the outbreak appears to have slowed in China, COVID-19 and its impacts have gone global. Infections are mounting in Europe, South Korea, Iran, the United States, and elsewhere, with authorities implementing increasingly restrictive measures to contain the virus. Europe and Japan are likely already in recession territory given their weak fourth quarter performance and high reliance on trade. Here is Chief economist at Efficient Group, Dawie Roodt.