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#Coronavirus: Africa will lose $65bn to full lockdown – UNECA

Mr Stephen Karingi, Director, Regional Trade and Integration, United Nations Economic Commission for Africa (UNECA), says African economy will lose 65 billion dollars if there is a full lockdown of the continent due to COVID-19.

Karingi said this during the World Health Organisation (WHO) and World Economic Forum (WEF) virtual joint press briefing on Thursday.

The director said that the African economy would contrast as much as three per cent in 2020.

According to him, an analysis done by UNECA showed that every month the African economy would lose 2.5 per cent of its GDP if a total lockdown was declared.

“This is about 6.5 billion dollars every month based on the intensity and strictness of the lockdown.

If we have a full lockdown of the whole continent, we would lose $65 billion,” he said.

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