Dariusz Soboń, | Janusz Soboń | Ruslana Seleznova | Joanna Rogozińska-Mitrut
pages: 71-75;
JEL classification: A1, C1, C5, C6, C8;
Keywords: Africa, COVID-19, economic, World Bank;
Abstract: What began as a single COVID-19 case in China in late 2019 quickly spread around the globe in
the first quarter of 2020. While the impact on the world\'s health systems is unknown, the
economic toll remains also remains unknown as the world grapples with an unprecedented
global recession. This paper estimates that COVID-19 will drag African economies into a fall of
about 2,1% in GDP, with smaller economies facing contraction of up to 8%. The contraction
is mainly a result of export adjustments affecting primary commodity exporters, and the
attendant losses to tax revenue which reduce the capacity of government to extend the public
services necessary to respond to the crisis