RPCA Policy Brief 2021
Africa's Pulse: Assessing the economic impact of Covid-19 and policy responses in Sub-Saharan Africa
Published : April 2020
The report, produced by the Office of the Chief Economist for the Africa Region, analyses the impact of Covid-19 on the African economies. The analysis builds on two scenarios. The first—an optimistic scenario—is based on the assumptions that the pandemic peaks in advanced economies such that containment measures are gradually removed in the next two months, the pandemic fades in China, and outbreaks are contained in other countries and in Sub-Saharan Africa. The second—a downside scenario—assumes that the COVID-19 outbreak continues to weigh on the economy in the third and fourth quarters of 2020 and into 2021, as some social distancing measures are required to keep the spread of the virus at manageable levels. According to the analysts, temporary debt relief will be necessary for fighting COVID-19 while preserving macroeconomic stability in the region.
Organizations : The World Bank Group
Themes : Agriculture & Value chains, Covid-19, Employment, Markets, prices & trade, Resilience, Social protection
Scale : Regional (West Africa)
Langs : English