MADAGASCAR’S CLOTHING AND TEXTILE SECTOR RECOVERS FROM HEAVY BLOWS CAUSED BY COVID-19
November 2nd, 2021
Madagascar’s textile and clothing sector is recovering from the heavy toll taken by the Covid-19 pandemic, initially causing the loss of 11,384 jobs according to government figures released in September 2020, reflecting a steep loss in output. According to Madagascar business association the Groupement des Entreprises Franches et Partenaires, this initially resulted in a drop of 47% in apparel turnover in an island nation whose economy was already under pressure before being hit by a Covid-19-led recession. Overall, Madagascar GDP declined 4.2% in 2020, said ...
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