Indicative Socio-Economic Impacts of the Novel Coronavirus (Covid-19) Outbreak in Eastern Africa
Indicative Socio-Economic Impacts of the Novel Coronavirus (Covid-19) Outbreak in Eastern Africa

Author: Alfred Bizoza

Publisher:

Published: 2020

Total Pages: 23

ISBN-13:

DOWNLOAD EBOOK

The COVID-19 pandemic has already affected the world both in terms of people's lives and the global and national economies. The impacts are different as countries, and their respective policy responses are varied. There is so far a mixture of anticipated effects on African economies with little specific cases to demonstrate how each country is responding to the short and mid-term effects of the virus. This paper is among the fewer emerging case studies for Africa and addresses the case of Rwanda. It documents the on-going policy response measures and the anticipated short to medium socioeconomic impacts of COVID-19 with a focus on external merchandise trade, small and medium enterprises (SMEs), and agriculture. Our results indicate that despite promising stepwise policy measures taken by the government of Rwanda and how the population is positively responding to these measures, these sub-sectors will be negatively affected by the COVID-19 though at different levels. The external merchandise trade and SMEs are expected to be more affected than the agriculture sector . The policy response will need more innovative actions beyond monetary and fiscal measures addressing immediate effects such as liquidity constraints but seed for resilience of long-term effects of the pandemic as well as the recovery of the entire economy in Rwanda.

COVID-19 in the African Continent
COVID-19 in the African Continent

Author: Evans Osabuohien

Publisher: Emerald Group Publishing

Published: 2022-05-23

Total Pages: 284

ISBN-13: 1801176884

DOWNLOAD EBOOK

COVID-19 in the African Continent examines the development, achievements, and challenges that have resulted owing to COVID-19 pandemic and how these precarious socioeconomic situations are being managed in African countries.

Africa's Pulse, No. 21, Spring 2020
Africa's Pulse, No. 21, Spring 2020

Author: Cesar Calderon

Publisher: World Bank Publications

Published: 2020-04-07

Total Pages: 136

ISBN-13: 1464815682

DOWNLOAD EBOOK

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.

COVID-19 in the Global South
COVID-19 in the Global South

Author: Carmody, Pádraig

Publisher: Policy Press

Published: 2020-10-21

Total Pages: 199

ISBN-13: 1529215889

DOWNLOAD EBOOK

Available Open Access under CC-BY-NC-ND licence. Bringing together a range of experts across various sectors, this important volume explores some of the key issues that have arisen in the Global South with the COVID-19 pandemic. Situating the worldwide health crisis within broader processes of globalisation, the book investigates implications for development and gender, as well as the effects on migration, climate change and economic inequality. Contributors consider how widespread and long-lasting responses to the pandemic should be, while paying particular attention to the accentuated risks faced by vulnerable populations. Providing answers that will be essential to development practitioners and policy makers, the book offers vital insights into how the impact of COVID-19 can be mitigated in some of the most challenging socio-economic contexts worldwide.

Socioeconomic Shocks and Africa’s Development Agenda
Socioeconomic Shocks and Africa’s Development Agenda

Author: Evans Osabuohien

Publisher: Taylor & Francis

Published: 2022-11-10

Total Pages: 333

ISBN-13: 1000773698

DOWNLOAD EBOOK

This book investigates how African countries respond to socioeconomic shocks, drawing out lessons to help to inform future policy and development efforts. The challenges posed by the COVID-19 pandemic affected all sectors of the economy, exposing substantial structural weaknesses and complexities in supply chains and logistics across the African continent. This book examines the disruptive impact of the pandemic across Africa. However, it also goes beyond the current crisis to investigate how socioeconomic pressures in general impact commodity prices, national budgeting processes, food, business, energy sectors, education, health, and sanitation. Overall, the book presents evidence-based solutions and policy recommendations to enable readers to improve resilience and responses to future crises. The insights provided by this book will be of interest to policymakers and development agencies, as well as to researchers of global development, politics, economics, business, and African studies.

The Socioeconomic Impact of COVID-19 on Eastern European Countries
The Socioeconomic Impact of COVID-19 on Eastern European Countries

Author: Paweł Dykas

Publisher: Routledge

Published: 2021-11-16

Total Pages: 176

ISBN-13: 1000513866

DOWNLOAD EBOOK

The year 2020 went down in economic history due to the dramatic and drastic changes in economic and social conditions that resulted from the outbreak of the global pandemic of COVID-19. This book offers a multi-level narrative about the pandemic, written from national and international perspectives, enabling the authors to construct several macro- and mega-scenarios. The book consists of six chapters. Four of them discuss the process of the COVID-19 pandemic caused by the SARS-CoV-2 virus in Europe in 2020, i.e. the directions and dynamics of the spread and its socioeconomic consequences, and provide a comparative analysis of fiscal and monetary packages employed by Europe, with an emphasis on Eastern European countries. The remaining two chapters contain forecasts and scenarios. The fifth chapter, dedicated to forecasts, provides readers with a comprehensive description of possible consequences of any epidemic leading to severe social losses such as high percentages of infected and dead, limited interpersonal contacts as a result of lockdown, a lowered level of general individual and social well-being, as well as economic losses, for example a decline in production as a result of the collapse of aggregate demand and a reduction in the supply capacity of the economy, consequently slowing down the pace of capital accumulation. The sixth, final chapter describes possible scenarios of the spread of the pandemic in Poland and Ukraine, depending on measures taken by the governments of those countries. The Socioeconomic Impact of COVID-19 on Eastern European Countries is designed as a practical reference for scholars, researchers and policymakers.

Covid-19 and Socioeconomic Crises in Africa
Covid-19 and Socioeconomic Crises in Africa

Author: Fisayo Fagbemi

Publisher:

Published: 2020

Total Pages:

ISBN-13:

DOWNLOAD EBOOK

The study gives an overview of the socio-economic consequences and implications of the COVID- 19 outbreak in Africa. While it is of common knowledge that the damage caused by the pandemic to the global economy is real, the existing socio-economic crises in Africa could further degenerate. What remains salient is that the huge economic costs would be borne by regions bereft of strong institutional regulatory setup and proactive approach to effectively ameliorate the impact of the outbreak, in both short-run and long-run, to bounce back in relation to the magnitude of the shocks suffered. It is indeed affirmed that in most sub-Saharan African (SSA) countries, such resilient measures seem to be absent or nonexistent. Given the degree of behavioral responses and attendant vulnerabilities generated, African socio-economic problems may be potentially exacerbated with the majority of the population facing severe hardships in the continent.

COVID-19 and Africa: Socio-economic Implications and Policy Responses
COVID-19 and Africa: Socio-economic Implications and Policy Responses

Author:

Publisher:

Published: 2020

Total Pages: 22

ISBN-13:

DOWNLOAD EBOOK

Although the number of COVID-19 cases and fatalities might still appear comparatively low in Africa than in other world regions, the looming health shock of COVID-19 could have disastrous impacts on the continent's already strained health systems, and could quickly turn into a social and economic emergency. Beyond the immediate response, recovery strategies should include a strong structural component to reduce dependence on external financial flows and global markets, and develop more value-adding, knowledge-intensive and industrialised economies, underpinned by a more competitive and efficient services sector. Effective implementation of the African Continental Free Trade Area (AfCFTA) and the African Union's productive transformation agenda can strengthen regional value chains, reduce vulnerability to external shocks, advance the digital transition, and build economic resilience against future crises.