CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Shopify cancels annual conference due to coronavirus

Shopify says the recent outbreak of the new coronavirus prompted it to cancel its annual conference. The Ottawa-based e-commerce giant said its Unite conference is scheduled to take place in Toronto on May 7, but evolving public health concerns have thwarted these plans.

Shopify Office Inside

The company said in a statement to The Canadian Press that it believes that canceling the conference is the best option to ensure that the health and safety of attendees is not at risk.

Shopify is in the process of contacting those who planned to attend, issuing refunds on tickets and figuring out how to advertise the products and services it plans to reveal during the conference.

According to the company, more than 1,000 people from around the world have attended the conference in the past two years. At these events, attendees were the first to discover the company’s plans for its distribution network in the United States and its first physical location in California.

The new form of the coronavirus, COVID − 19, has infected a handful of Canadians and tens of thousands around the world.