Regional Economic Outlook, April 2020, Sub-Saharan Africa:COVID-19: An Unprecedented Threat to Development

Regional Economic Outlook for Sub-Saharan Africa

Volume/Issue: Volume 2020 Issue 001

Publication date: April 2020

ISBN: 9781513536835

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Topics covered in this book

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Environmental Economics , Natural Disasters , REO , IMF staff calculation , economic activity , Sub-Saharan Africa , price , forest cover increases rainwater infiltration , World Bank enterprise survey , submarine cable , climate change challenge , terms of trade , tech firm , climate change Policy Assessment , sub-Saharan Africa use email , financing adaptation , rainfall anomaly , Natural disasters , Climate change , Infrastructure , Digitalization , Africa , Global , Southern Africa , East Africa

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Summary

Sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to throw the region off its stride, reversing the encouraging 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 retard the region’s growth prospects in the years to come. Previous crises tended to impact affect countries in the region differentially, but no country will be spared this time.