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Africa's Pulse, No. 21, Spring 2020

2020-04-07 Business & Economics
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Release : 2020-04-07
Genre : Business & Economics
Kind : eBook
Book Rating : 682/5 ( reviews)

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Book Synopsis Africa's Pulse, No. 21, Spring 2020 by : Cesar Calderon

Download or read book Africa's Pulse, No. 21, Spring 2020 written by Cesar Calderon. This book was released on 2020-04-07. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has taken a toll on human life and brought major disruption to economic activity across the world. Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks. Economic growth in Sub-Saharan Africa is projected to decline from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region in 25 years. The coronavirus is hitting the region’s three largest economies —Nigeria, South Africa, and Angola— in a context of persistently weak growth and investment. In particular, countries that depend on oil and mining exports would be hit the hardest. The negative impact of the COVID-19 crisis on household welfare would be equally dramatic. African policymakers need to develop a two-pronged strategy of “saving lives and protecting livelihoods.†? This strategy includes relief measures and recovery measures aimed at strengthening health systems, providing income support to workers and liquidity support to viable businesses. However, financing of these policies will be challenging amid deteriorating fiscal positions and heightened public debt vulnerabilities. Therefore, African countries will require financial assistance from their development partners -including COVID-19 related multilateral assistance and a debt service stand still with creditors.

Accessing the Economic Impact of COVID-19 and Policy Reponses in Sub-Saharan Africa

2015 COVID-19 (Disease)
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Release : 2015
Genre : COVID-19 (Disease)
Kind : eBook
Book Rating : 680/5 ( reviews)

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Book Synopsis Accessing the Economic Impact of COVID-19 and Policy Reponses in Sub-Saharan Africa by :

Download or read book Accessing the Economic Impact of COVID-19 and Policy Reponses in Sub-Saharan Africa written by . This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of COVID-19: Nowcasting and Big Data to Track Economic Activity in Sub-Saharan Africa

2021-05 Business & Economics
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Release : 2021-05
Genre : Business & Economics
Kind : eBook
Book Rating : 496/5 ( reviews)

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Book Synopsis Impact of COVID-19: Nowcasting and Big Data to Track Economic Activity in Sub-Saharan Africa by : Brandon Buell

Download or read book Impact of COVID-19: Nowcasting and Big Data to Track Economic Activity in Sub-Saharan Africa written by Brandon Buell. This book was released on 2021-05. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic underscores the critical need for detailed, timely information on its evolving economic impacts, particularly for Sub-Saharan Africa (SSA) where data availability and lack of generalizable nowcasting methodologies limit efforts for coordinated policy responses. This paper presents a suite of high frequency and granular country-level indicator tools that can be used to nowcast GDP and track changes in economic activity for countries in SSA. We make two main contributions: (1) demonstration of the predictive power of alternative data variables such as Google search trends and mobile payments, and (2) implementation of two types of modelling methodologies, machine learning and parametric factor models, that have flexibility to incorporate mixed-frequency data variables. We present nowcast results for 2019Q4 and 2020Q1 GDP for Kenya, Nigeria, South Africa, Uganda, and Ghana, and argue that our factor model methodology can be generalized to nowcast and forecast GDP for other SSA countries with limited data availability and shorter timeframes.

COVID-19 and the Response of Central Banks

2023-01-20 Business & Economics
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Release : 2023-01-20
Genre : Business & Economics
Kind : eBook
Book Rating : 373/5 ( reviews)

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Book Synopsis COVID-19 and the Response of Central Banks by : Salewa Olawoye

Download or read book COVID-19 and the Response of Central Banks written by Salewa Olawoye. This book was released on 2023-01-20. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 and the Response of Central Banks analyses the reactions of central banks to the COVID-19 crisis in Sub-Saharan Africa. It focuses on how the pandemic has affected the economic performance of Sub-Saharan African countries, many of which were already struggling with growth and sustainability. The first part of the book covers countries within monetary unions such as Cameroon, Congo, Senegal, and Cote d'Ivoire. In the second half, countries with their own independent central banks, The Democratic Republic of Congo, Nigeria, Ghana, and Sierra Leone, are discussed. Chapters highlights the differences between Monetary Union membership and independent Central Banks in policymaking during health crises and explore the role of central banking in minimizing the deleterious effects.

Covid-19 in Africa: Societal and Economic Implications

2023-12-16 History
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Release : 2023-12-16
Genre : History
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Book Rating : 169/5 ( reviews)

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Book Synopsis Covid-19 in Africa: Societal and Economic Implications by : Susan Arndt

Download or read book Covid-19 in Africa: Societal and Economic Implications written by Susan Arndt. This book was released on 2023-12-16. Available in PDF, EPUB and Kindle. Book excerpt: Written amidst the ongoing Covid-19 pandemic, this edited volume draws on the expertise of social scientists and humanities scholars to understand the many ramifications of Covid-19 on societies, politics, and the economies of Africa. The contributors examine measures, communicative practices, and experiences that have guided the (inter)action of governments, societies, and citizens in this unpredictable moment. Covid-19 tested governments’ disaster preparedness as well as exposed governments’ attitudes towards the poor and vulnerable. In the same vein, it also tested the agency of the African populace in the face of containment measures and their impact on everyday social, cultural, and economic practices of ordinary people. In this vein, our concern is to understand the relationship between growing vulnerability on the one hand, and ingenuity of agency on the other, and how both were embodied, narrated and discoursed by the African poor, university students, religious entities, middle-classes, and those who bore the major brunt of the lockdowns. The volume is thus a useful resource for scholars of Africa, policy makers and those who want to understand Covid-19 in Africa. It provides a multiplicity of perspectives of the pandemic and African responses at different levels of society, economy and the political spectrum. The continental focus of this volume gives room for broader comparative analyses. Lastly, this interdisciplinary work benefits from the input of medical historians, anthropologists, sociologists, linguists, political scientists, literature scholars, urban planners, geographers and others.

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