The coronavirus (COVID-19) pandemic is dealing a severe blow to the global economy. Measures needed to protect public health have undercut an already fragile global economy, causing deep recessions in advanced economies and emerging market and developing economies (EMDEs) alike.
While the number of confirmed COVID-19 cases in East Africa so far is relatively low compared to other regions, disruption in supply chains is already affecting the trade and flow of commodities. Despite the comfortable stock of cereals in the global market, most countries in East Africa are food deficit and thus likely to face challenges.
Estimates presented here were generated using data collected during household visits between 1 January 2020 and 30 April 2020. This volume contains statistical profiles of 28 states and union territories.
This briefing is the outcome of consultations with leading chief economists from both the public and private sectors and leaders from the Stewardship Board of the World Economic Forum’s Platform for Shaping the Future of the New Economy and Society.
This study provides primary research on the economic cost and impact of violent extremism by looking at the economic cost of violent extremism focusing on 18 African countries.
Almost all commodity prices saw sharp declines during the past three months as the COVID-19 pandemic worsened. Mitigation measures have significantly reduced transport, causing an unprecedented decline in demand for oil, while weaker economic growth will further reduce overall commodity demand.
While there currently is a significant focus on the public health and economic impact of the COVID-19 pandemic, the workforce and societal implications are no less profound. The guiding principles and the four workforce management imperatives outlined in this document are a preliminary response to the unfolding crisis.
The comparison with the global financial crisis can provide some insights on order of magnitude. The actual negative impact of COVID-19 could be significantly worse on several accounts.
Given the highly unpredictable nature of the outbreak, the range of scenarios explored in this brief suggests a global impact of $77 billion to $347 billion or 0.1% to 0.4% of global GDP, with a moderate case estimate of $156 billion or 0.2% of global GDP.
COVID-19 may be as contagious economically as it is medically. This eBook addresses some key questions: How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?
