ECONOMIC EFFECT OF COVID 19: EVIDENCE FROM SALALE, OROMIA, ETHIOPIA

Belay Kasaye, Haile Girma, Habtamu Atlaw, Yayew Genet

Abstract


This study aimed to analyze the impact of COVID-19 on the economy in Salale, Oromia, Ethiopia. The study used the primary data which was collected from 374 respondents who were living in six towns namely: Fiche, G/Guracha, Kare Goa, M/Turi, Shano, and Shararo. Descriptive methods of data analysis like percentage and frequency were employed. The study has discovered that the ratification of COVID-19 in Ethiopia has disrupted the regular operation of economic activities. This had its negative economic effects like a decrease in daily/monthly income, an increment in the unemployment rate, and daily/monthly expenses. About 36%, 65%, and 34% of respondents disrupted their regular work, faced their monthly/daily average income decrement, and fired their workers respectively. About 71% of respondents faced market supply chain disruption. Therefore, all parties involved should put a lot of effort into reducing the pandemic's impact by taking preventative measures and carrying on with their normal business operations.


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References


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