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| | | Title | COVID 19 Economic and Health Impacts on Regional Food and Nutrition Security | | Author | World Food Programme | | Subject | COVID 19 | | Date of Publication | 2020 | | Publisher | World Food Programme | | Number of Pages | 10 pages | | Language | English | | Geographical Coverage | Africa, World | | Keywords | COVID 19 Pandemic | | Abstract | National economies in Southern Africa, such as Zimbabwe, Lesotho, Mozambique and Malawi, receive high levels of remittances that are critical for both the monetary system and household consumption. Increased unemployment will reduce the inflows of hard currencies and the ability of households to purchase essential commodities. Many of the countries in the southern Africa region have a high dependence on commodity exports to China, relatively weak sovereign balance sheets, high debt burdens and volatile currencies, and exposure to a number of economic externalities. Chinese demand underpins the economies of various resource-rich countries on the continent, with a slowdown in China as a result of COVID 19 having a disproportionate impact on trading partners such as Angola, Zambia, Congo Brazzaville and the DRC. Recessionary trends at the global level and the potential for a prolonged reduction of economic growth in China will have direct impacts on commodity exports in the region ranging from copper in Zambia, precious metals in Tanzania, coltan in DRC and petroleum in Angola and the Republic of Congo. | | Copyright Holder | https://reliefweb.int | | Filesize | 1240386 MB | | File Format | PDF | | [ View / download original document ] |
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