
Full-time jobs lost in Africa during the coronavirus pandemic Q4 2020
Africa will lose 7.9 percent of working hours by the end of the fourth quarter due to the coronavirus (COVID-19) pandemic. The equivalence of this in full-time jobs (FTE) amounts to 29 million. Furthermore, it is estimated that under a pessimistic scenario, there will be a loss of 55 million FTE jobs in the said period. On the other hand, under optimistic assumptions, Africa is projected to lose up to 19 million jobs (FTE).
In 2020, it is projected that