The sub-Saharan region is expected to have an average growth of 2.9 per cent. There are unabated job losses, business closures and bankruptcies. RESCUE PACKAGEThat could include cancelling or delaying major projects, abolishing a host of public sector allowances, freezing salaries and recruitment, effecting staff redundancies and other measures that would, inherently, reduce government expenditure. Besides raising taxes, the government may also employ more aggressive resource mobilisation strategies, such as new levies, fees and fines. As dark economic clouds gather, the government would do well to gather experts for consultations and dialogue on response options.

Source: Daily Nation January 13, 2020 21:00 UTC