The economic impacts of the COVID-19 pandemic in Ethiopia - in regards to the airline industry and allied businesses - could cost the country some USD 1.2 billion in GDP and affect more than 323,000 jobs, a global airline body disclosed.
In a statement issued on Thursday, the International Air Transport Association (IATA) highlighted the impacts of the COVID-19 pandemic on Africa and Middle East. IATA strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines as the association's latest scenario for potential revenue loss by carriers in Africa and the Middle East reached USD 23 billion (19 billion in the Middle East and four billion in Africa). This translates into a drop of industry revenues of 32 percent for Africa and 39 percent for the Middle East for 2020 as compared to 2019.
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