9 April 2020

This Week’s COVID-19 Snapshot

The weekly snapshot provides expert insight on the outbreak and its widespread impact. In this edition, we examine the current global status and future trajectory of the virus, the impact on Bangladesh’s garment industry and more.

 

8 April 2020 – Global Impact

Webinar:

Our latest webinar for an assessment on the current status of the COVID-19 pandemic and its future trajectory. Watch the full webinar here

 

3 April 2020 – Bangladesh

Predictions:

  • Collapse in global demand due to spread of COVID-19 will depress garment sector, increasing unemployment and dampening economic growth
  • Government will face limited criticism from domestic opponents over handling of crisis, despite release of opposition chairperson Khaleda Zia
  • Rights groups will scrutinise government response, while Western firms will likely face pressure to support supply chain partners amid downturn

 

3 April 2020 – South Africa

Predictions:

  • Credit rating downgrade will further complicate efforts to stimulate economic growth amid COVID-19 outbreak
  • Downgrade will force Government to approach IMF for support, strengthening arguments by President’s allies for structural reform
  • Key reforms will continue to face delays as Government focuses efforts on responding to COVID-19

 

3 April 2020 – Kenya

Predictions:

  • Enforcement of curfew and measures aimed at halting spread of COVID-19 will lead to clashes between authorities and informal sector workers
  • Closure of businesses and increased unemployment will likely result in rising crime rates in cities, particularly if restrictions continue for extended period
  • Limits to movement and ban on mass gatherings will subdue political rivalries over proposed constitutional reforms for now

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