africa

Africa and crisis: what future?

On the African continent, it seems that Covid-19 has a slower pace and that the spread is less extensive. If on the one hand we have western (or westernized) countries whose economies are totally devastated by this epidemic, apparently in Africa there do not seem to be such devastating numbers of contagion.
The official data at the time of writing speak of over 1000 coronavirus deaths across the African continent and about 20,000 infected, in 52 out of 54 countries.

At the moment however, unlike economically developed countries, Africa has the greatest problem of the difficulty of diagnosis, of the lack of material to effectively carry out the swabs, with also many other diseases, sometimes even extremely more serious, of the coronavirus itself. Just think of AIDS, tuberculosis, malaria, ebola. Another explanation that is currently attributed to low contagions in Africa is that of low middle age. In fact, in sub-Saharan Africa 60% of the population is under 25 years old.

However, for UNECA, the United Nations Economic Commission for Africa, between 300,000 and 3.3 million people are likely to die from Covid-19 unless useful tools are used to combat contagion.
Will the new African markets be penalized compared to the internal reconstruction phases of the more advanced western economies? What is hoped is that the need to diversify the supply chains will give a new impetus to investments in Africa. In practice, a new cooperation with a greater role of the profit sector can develop to be able to help African governments to streamline the processes of industrialization and value creation, thus giving breathing space also to Italian companies in difficulty due to this crisis .
As regards production, however, the forecast of the International Monetary Fund is a contraction of -1.6% compared to the forecasts of October 2019 as regards Sub-Saharan Africa.