The political economy of Covid-19

Gaborone CBD under COVID-19 lockdown. PIC. BASHI KIKIA
Gaborone CBD under COVID-19 lockdown. PIC. BASHI KIKIA

covid19

Both the United States and the Eurozone economies are expected to crash by 7.5 percent and 6.7 percent respectively in 2020. More than 22 million Americans lost jobs over the last five weeks since President Donald Trump declared a national emergency in that country. China is the only economy which is expected to experience positive growth at about 1 percent compared to the average of 6 percent in previous years.

Coming closer home, at the beginning of the year, the African Development Bank (AfDB) forecast a growth rate of 3 percent for the continent. Last week the IMF projected that the Gross Domestic Product (GDP) of Sub Saharan Africa will contract by 1.6 percent due to Covid-19. The South African Reserve Bank says that country’s GDP will contract by 6.1 percent this year.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

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