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What impact does COVID-19 have on the Congolese economy and international trade?

Author

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  • Christian Pinshi

    (UNIKIN - University of Kinshasa)

Abstract

COVID-19 is spreading at a rate that could cause fear for international trade. In the past three months, the total number of confirmed cases has increased. The virus has confined more than half of the planet, contaminating the functioning of industries, dysfunctioning infrastructure at the national level, such as health care, transport, commerce and public services. The slowdown in production in China has had effects worldwide, reflecting China's growing importance in global supply chains and in commodity markets. The Democratic Republic of the Congo (DRC), where foreign trade represents on average 60% of its economy, is severely affected by this pandemic. The economy is in recession, prices continue to climb, the value of the currency continues to depreciate and leads to a loss of confidence.

Suggested Citation

  • Christian Pinshi, 2020. "What impact does COVID-19 have on the Congolese economy and international trade?," Working Papers hal-02864308, HAL.
    • Handle: RePEc:hal:wpaper:hal-02864308
    Note: View the original document on HAL open archive server: https://hal.science/hal-02864308
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    Cited by:

    1. PINSHI, Christian P. & MALATA, Alain, 2020. "Canal d’incertitude de la COVID-19 : Quelles stratégies et tactiques pour la politique monétaire ? [COVID-19 Uncertainty Channel: What Strategies and Tactics for Monetary Policy?]," MPRA Paper 109313, University Library of Munich, Germany.
    2. Christian Pinshi, 2020. "Snapshot de l'incidence de l'épidémie de coronavirus en Afrique," Working Papers hal-02916833, HAL.
    3. PINSHI, Christian P., 2020. "Préserver l’Économie à l’Ere de la COVID-19 : Une Pensée Optimale à la Fujita [Safeguarding the Economy in the Age of COVID-19: A Fujita-style Optimal Thinking]," MPRA Paper 105107, University Library of Munich, Germany, revised Jul 2020.
    4. Alain MALATA & Christian PINSHI, 2020. "Fading The Effects Of Coronavirus With Monetary Policy," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 11(2), pages 105-110.

    More about this item

    Keywords

    COVID-19; International trade; economic growth;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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