Economic Impact of Covid-19 on African Industries, focus on Egypt

Marwan Nomir

Bachelor's thesis

Abstract:

Coronavirus 2019 (Covid-19) has not only caused significant health issues among the populace, but it has also contributed to a larger number of deaths and caused havoc on the global economy on an unprecedented scale. This outbreak has the potential to undermine individual livelihoods, businesses, markets, and entire economies. In addition, the mining sector is not immune to these effects, and the crisis could have long-term, medium-term, and short-term implications for economic activities. The importance of understanding the history of the pandemic before examining its effects and potential ramifications is illustrated by this thesis, which provides a general understanding of pandemics and their results for humanity and the economy. Furthermore, the thesis examines the significance of these impacts for the industry and provides an understanding of their nature. The aim of the thesis to research the economic impacts of Covid-19 on the Egyptian industries. The paper examines how the outbreak has impacted the economic section such as unemployment, inflation, Import-Export, GDP. And Government Debt based on reliable collected data. The average annual unemployment rate in Egypt in 2020 indicated 10.45% which is 0.72% increase from 2019, however, Egypt exports didn’t get impacted as like European countries and the African countries as Egypt was exporting good with the value of 26.63 billion Dollars while the import decreased to -17.89% in 2020. The inflation rate in Egypt was 7.4%. The government debt of Egypt during the pandemic of Covid-19 is 89.84%. This amount means that the debt in 2020 reached 89.84% of Egypt GDP, a 5.63 percentage point rise from 2019, when it was 84.21% of GDP.

Keywords

Impact of Covid-19, Egypt, Economic impact, impact on food, impact on agriculture, Africa and Covid-19, impact on Oil and Gas, industries

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 16. 3. 2022

Obhajoba závěrečné práce

• Vedúci: doc. Ing. Vladimír Krepl, CSc.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / odbor:
Economics Policy and Administration / Business Administration