Increased growth is expected in the health and ICT sectors as the coronavirus pandemic takes root across the globe. NCBA's COVID-19 Economic Update shows the two sectors will benefit from increased investments by both government and the private sector. According to the NCBA report, a large-scale slowdown in activity will see increased job losses in the private sector while hiring in the public sector will stagnate. The informal sector will also see negative growth as demand weakens further with declining incomes. This is diluted to 0.37 by informal jobs.

Source: The Star April 06, 2020 00:56 UTC