Africa is expected to see a dip in its GDP growth rate of between five and eight percentage points, due to the novel coronavirus outbreak, a study warned.

“Africa’s economies could experience a loss of between $90 billion and $200 billion in 2020,” according to a study entitled Tackling COVID-19 in Africa, which was released this week by global auditing firm McKinsey & Company’s experts.

Noting that these losses stemmed mostly from cuts in private spending and widespread travel bans in Africa, as well as supply-chain disruptions, lowered demand for the continent’s non-oil exports, and delays or cancelations foreign

Read more: Africa to lose $200B this year due to COVID-19: Experts