Macro Notes: Sharp Growth Slowdown in Sub-Saharan Africa

“The COVID-19 shock is responsible for the most rapid global slowdown in economic activity on record, surpassing even the global financial crisis. Sub-Saharan Africa—until now the outlier in a world of increasing EM secular stagnation—will be impacted significantly in 2020.”

via IIF

IMF COVID-19 Response—A New Short-Term Liquidity Line to Enhance The Adequacy Of The Global Financial Safety Net

“In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal for a new facility to provide liquidity support to the
Fund’s membership.”

via IMF

Quick Assessment of the Impact of the COVID-19 Pandemic on Africa National Statistical Offices Operations

“Data collection operations have been significantly affected. Twenty-five percent (42 out of 168) of surveys planned have been halted or suspended and a further 48 surveys postponed.”

via UNECA

Business impact survey of the COVID-19 pandemic in South Africa

“The business impact study is administered through a basic survey focusing on financial performance related to the trading status, business impact, turnover, import and export of goods, purchases, price changes, financial burden and assistance, business survival, and workforce. The results include the aggregated responses from businesses based on a series of questions.”

via Department of Statistics: South Africa

In the face of the COVID-19 disaster: A quick guide to business relief

“The COVID-19 Temporary Employer/Employee Relief Scheme (COVID-19 TERS) provides for a payment
mechanism for employees who are not working from home during the lockdown period and are therefore not
able to render services to their employers and to be remunerated for such services by their employers.”

via Lawtons Africa

How COVID-19 is changing the world: a statistical perspective

“COVID-19 has turned the world upside down. Everything has been impacted. How we live and interact with each other, how we work and communicate, how we move around and travel.”

via UNECA

Trusted and influential: Religious and traditional leaders can be assets in COVID-19 fight

“Results of an Afrobarometer survey conducted in late 2019 suggest that religious and traditional leaders could be an important asset in this effort. They enjoy greater popular trust and more contact with citizens than most other leaders. A broader consultation with traditional and religious leaders who have close interaction with the people they lead might be an effective way to court public cooperation.”

via Afrobarometer

COVID-19 and the Egyptian economy: Estimating the impacts of expected reductions in tourism, Suez Canal revenues, and remittances

“Egypt’s recent economic success will almost certainly be interrupted by the COVID-19 pandemic. We examine the likely impact on the Egyptian economy of a significant reduction in tourism, payments received from the Suez Canal, and remittances from Egyptians working abroad because of the slowdown in the global economy due to the COVID-19 virus.”

via IFPRI

COVID-19 in Africa: Protecting Lives and Economies

“The impact on African economies could be the slowing of growth to 1.8 per cent in the best case scenario or a contraction of 2.6 per cent in the worst case. This has the potential to push 27 million people into extreme poverty.”

via UNECA

Six Charts Show How COVID-19 Is an Unprecedented Threat to Development in Sub-Saharan Africa

“Sub-Saharan Africa is facing an unprecedented health and economic crisis. One that threatens to reverse the development progress of recent years. Furthermore, by exacting a heavy human toll, upending livelihoods, and damaging business and government balance sheets, the crisis threatens to slow the region’s growth prospects for years to come.”

via IMF