Economics
Africa Free-Trade Pact Could Counter Covid-19 Impact on Growth, UN Says
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A continent-wide free-trade pact could help boost economic growth and reduce inequality in Africa as the Covid-19 omicron variant threatens to weigh on output.
Commerce under the African Continental Free-Trade Area that started Jan. 1 could reduce coronavirus-induced economic contractions and “spur sustainable and inclusive growth on the continent if stronger support measures targeting women, young traders and small businesses are implemented,” according to a United Nations report.