Ethiopia: COVID-19 Projected to Slash Ethiopia's GDP By USD 1.2 Bln

opinion

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.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.