Assessing the Economic Impact Of COVID-19 and Policy Responses In Sub-Saharan Africa
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- File Details
- Size: 25MB
- Creator / Author: Joan Addedis
- Resource Type: Africa Capacity Report
- # Download: 254
- Access: Open to Download
January, 2020
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assessing economic impact of COVID 19.pdf
Basic Information
Creator / Author
The World Bank
Source / Publisher
The World Bank
Resource Type
Number of Pages
136
Geographic & Audience Details
Geographic Coverage
Classification & Domains
Subject
COVID 19
Abstract
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the latest Africas Pulse, the World Banks twice-yearly economic update for the region. The Pulse authors recommend that African policymakers focus on saving lives and protecting livelihoods by focusing on strengthening health systems and taking quick actions to minimize disruptions in food supply chains. They also recommend implementing social protection programs, including cash transfers, food distribution and fee waivers, to support citizens, especially those working in the informal sector.
Keywords
COVID 19 Pandemic, Economic Analysis
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