The political economy of Covid-19

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


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
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

Have a Story? Send Us a tip
arrow up