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NKC African Economics: Africa Research Briefing – Brace for COVID-19 Impact

The marriage of two bearish shocks – as the demand shock and supply chain disruption attributed to Covid-19 collided with an oil price war mounted by Russia and Saudi Arabia – roiled markets over the past month, triggering flight to safety, waves of short-covering and unwinding of leveraged risk positions. Demographic, policy and liquidity risks place risk assets on an increasingly fragile footing as the economic effects of the infection trickle through to the various channels of discretionary consumption, travel and tourism, and weaker investment with significant spillover effects to financial market valuations.

Invest Africa members, NKC African Economics’ latest research briefing assesses how African will respondent to the economic shocks caused by the coronavirus outbreak and mounting tensions between Russia and Saudi Arabia over oil prices. Follow the link below to read more.

 

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