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38th Weekly Press Briefing on the Coronavirus disease outbreak
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West Africa: Assessing Impact of Covid-19 On West Africa s Economies
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By Oluchi Chibuzor
The past one year has been tough for countries that depend heavily on primary products as their major source of revenue. This is because of the impact of the COVID-19 pandemic.
Indeed, beyond the health crisis which as at yesterday had resulted to the death of 1.6 million persons and 68 million cases globally, the pathogen also saw many countries face turmoil linked to commodity dependence as commodity prices reacted negatively to the crisis, reflecting changes in supply and demand due to measures to limit contagion.
Among those that were worst hit were West African countries because of their heavy dependence on primary products.