Launch of report on socio-economic impacts of COVID-19Tirus Wainaina
“The recovery from the COVID-19 crisis must lead to a different economy”
The world is facing an unprecedented test. And this is the moment of truth. Hundreds of thousands of people are falling seriously ill from COVID-19, and the disease is spreading exponentially in many places, Societies are in turmoil and economies are in a nose-dive.
The International Monetary Fund has reassessed the prospect for growth for 2020 and 2021, declaring that we have entered a recession – as bad as or worse than in 2009.
We must respond decisively, innovatively and together to suppress the spread of the virus and address the socio-economic devastation that COVID-19 is causing in all regions.