COVID-19: SADC’s economy expected to contract by 3.8 per cent

Contributed by NAMPA.

RUNDU, 13 AUG (NAMPA) – The regional economy of the Southern African Development Community (SADC) is projected to contract by 3.8 per cent this year due to the adverse impact of the coronavirus.
SADC’s outgoing Executive Secretary, Stergomena Lawrence Tax during a virtual meeting of SADC’s council of ministers held on Thursday said an in-depth analysis on the socio-economic impact of the pandemic on the region’s economy, indicates that in 2019/2020, the economic performance of the region slowed down.< ...