COVID-19 Implications on Private Investment and Markets in East Africa
Date
2021-09-30
Authors
Mwesigye, Francis
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
Coronavirus disease (COVID-19), which started in China at the end of 2019, has
spread across the world at an increasing rate. The disease gained recognition in
the rest of the World in March 2020 and no continent has escaped the virus. As
of 30th March 2021, there were about 128 million confirmed cases and 2.8 million
deaths around the world. Declared a pandemic by the World Health Organization
(WHO) on 11th March 2020, COVID-19 has become a global emergency, given its
impact on the entire world population and the economy. The pandemic has
had deleterious effects on the health systems and health and, as a result, led to loss of lives. To curb the spread of COVID-19, governments have taken various steps
such as general confinement and largescale shutdown of economic activities, which
curtailed the movement of people and goods. These measures have had serious social
and economic implications.