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Fellow drafts UN report on the economic impact of COVID-19

EuniceAjambo

2008 Tutu Fellow Eunice Ajambo provided a briefing overview on the main points for Namibia and Southern Africa from the United Nations World Economic Situation and Prospects (WESP) mid-2020 Report. The UN report covers the impact of the global pandemic and subsequent global economic contraction.  Eunice is the Economist and Development Coordination officer for the United Nation in Namibia.

The UN is projecting an economic contraction of 3.2 per cent this year and says it is likely to be the worst recession since the Great Depression due to the effects of the COVID-19 pandemic. Because of the scale and global nature of the economic impact, it presents unique challenges given how much the global economy has changed since the 1930s.

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