cover image: COVID-19 in Africa: The implications for macroeconomic and  socioecon

20.500.12592/dg4v3r

COVID-19 in Africa: The implications for macroeconomic and socioecon

4 May 2021

The mitigation strategies put in place by governments across the world to curb the virus as well as the uncertainty associated with the pandemic has led to a reduction in the consumption of non-essential commodities. [...] As such, analyzing the impact of the pandemic and the policies deployed in the context of the prevailing macroeconomic and socioeconomic conditions is crucial. [...] The impact of COVID-19 on the macroeconomy and social sectors Although Africa experienced a stable growth rate of 3.1% in 2019 and projections showed that growth will increase further to 3.6% in 2020, the mitigation strategies implemented to curb the spread of the virus alongside the adverse global economic conditions have led to an economic contraction in most countries. [...] The cancellation of elective care, the redeployment of staff to provide COVID-19 relief, the lack of medical supplies, and changes to treatment policies are highlighted by the WHO (2020b) as the main causes of the disruption. [...] households Cameroon - US$ 825 - An increase - Exemptions - Health - A decrease of the million in the family from the tourist strategy to policy rate by 25 allowance tax in the hotel prevent the bps to 3.25% from CFAF and catering spread of the - A decrease of the 2,800 to CFAF sectors for the pandemic and Marginal Lending 4,500 rest of the 2020 take care of Facility rate by 100 - A raise of financ.

Authors

Microsoft Office User

Pages
40
Published in
Nigeria

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