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An Update On The Short Term Impacts Of Covid 19 On The Malawian Economy 2020 2021
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Book Synopsis An update on the short-term impacts of COVID-19 on the Malawian economy, 2020–2021 by : Baulch, Bob
Download or read book An update on the short-term impacts of COVID-19 on the Malawian economy, 2020–2021 written by Baulch, Bob and published by Intl Food Policy Res Inst. This book was released on 2021-05-04 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The short-term impacts of COVID-19 on the Malawian economy 2020-2021: A SAM multiplier modeling analysis by : Baulch, Bob
Download or read book The short-term impacts of COVID-19 on the Malawian economy 2020-2021: A SAM multiplier modeling analysis written by Baulch, Bob and published by Intl Food Policy Res Inst. This book was released on 2020-12-21 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This working paper builds on a report which was prepared for the 2020 ECAMA Lakeshore Conference in November 2020. It extends and updates the initial results of modeling undertaken by the International Food Policy Research Institute to assess the short-run impacts of COVID-19 control measures on the Malawian economy. We also consider the short-run effects of external shocks associated with disruptions in trade and tourism, investment, and remittance flows on the Malawian economy, as well as two medium-term paths assuming either faster or slower recovery during the remainder of 2020 and 2021. Using a Social Accounting Matrix multiplier model, we estimate GDP declines by around 16.5 percent during April/May 2020 due to social distancing measures. This leads to around 1.6 million people, mainly in rural areas, temporarily falling into poverty, although urban households suffer the largest income losses. We also model the impact of a faster and a slower lifting of restrictions and external shocks during the remainder of 2020 and 2021. With faster easing of restrictions, cumulative GDP gains turn positive by the third quarter of 2021 under the fast recovery scenario and exceed their pre-COVID-19 levels by US$178 million before the end of 2021. However, under the slow recovery scenario, Malawi’s GDP continues to decline until the end of 2020 before recovering during quarters 1 and 4 of 2021. However, this is not sufficient to wipe out the losses in quarters 2 to 4 of 2020, resulting in cumulative losses under the slow recovery scenario of US$332 million over the two years. Relative to the without COVID-19 scenario, US$937 million of GDP is lost under the fast recovery scenario and US$1,447 million under the slow recovery one. As both the development of the COVID-19 pandemic and the economic situation in Malawi are highly uncertain at the present time, the results reported in this paper should be regarded as interim estimates, which are subject to revision as the underlying health and economic data change.
Book Synopsis The short-term impacts of COVID-19 on the Malawian economy, 2020–2021: A SAM multiplier modeling analysis by : Baulch, Bob
Download or read book The short-term impacts of COVID-19 on the Malawian economy, 2020–2021: A SAM multiplier modeling analysis written by Baulch, Bob and published by Intl Food Policy Res Inst. This book was released on 2020-11-21 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper has been written for the 2020 ECAMA Lakeshore Conference. It extends and updates the initial results of modeling undertaken by IFPRI to assess the short-run impacts of COVID-19 control measures on the Malawian economy. We also consider the short-run effects of external shocks associated with disruptions in trade and tourism, investment, and remittance flows on the Malawian economy, as well as two medium- erm paths assuming either faster or slower recovery during the remainder of 2020 and 2021. Using a SAM multiplier model, we estimate GDP declines by around 16.5 percent during April/May 2020 due to social distancing measures. This leads to around 1.6 million people, mainly in rural areas, temporarily falling into poverty, although urban households suffer the largest income losses.
Book Synopsis Short-term impacts of COVID-19 on the Malawian economy: Initial results by : Baulch, Bob
Download or read book Short-term impacts of COVID-19 on the Malawian economy: Initial results written by Baulch, Bob and published by Intl Food Policy Res Inst. This book was released on 2020-06-29 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report describes the initial results of modeling undertaken by IFPRI to assess the short-run impacts of the COVID-19 control measures on the Malawian economy. We also consider the short-run effects of external shocks associated with disruptions in trade, investment, and remittance flows on the Malawian economy, as well as two medium-term paths assuming either faster or slower recovery during the remainder of 2020. This analysis has been undertaken in order to inform the policy response to the COVID-19 pandemic in Malawi and represents a first pass attempt to measure the short-term economic impacts of COVID-19 on the Malawian economic. It should be noted that, unlike NPC (2020) our estimates of the economic impact of the COVID-19 on the Malawian economy do not extend beyond 2020 and do not try to set a value on loss of life or life-years. They do, however, allow for detailed breakdown of the direct and indirect impacts of COVID-19 on different sectors and sub-sectors of the Malawian economy.
Book Synopsis OECD Economic Outlook, Volume 2020 Issue 1 by : OECD
Download or read book OECD Economic Outlook, Volume 2020 Issue 1 written by OECD and published by OECD Publishing. This book was released on 2020-06-10 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.
Book Synopsis The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise by : Pauw, Karl
Download or read book The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise written by Pauw, Karl and published by Intl Food Policy Res Inst. This book was released on 2021-06-04 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: As COVID-19 spread across the globe in early 2020, governments had to make difficult policy choices to balance the socioeconomic costs of social distancing and lockdown measures, on the one hand, and the human costs of increased morbidity and mortality of an unchecked pandemic, on the other. The challenge was particularly daunting for developing countries with their often illequipped and underfunded health systems coupled with general skepticism about the effectiveness of economic restrictions to curb viral spread, especially in densely populated informal urban communities (The Economist 2020). Poorer developing country populations also tend to be less resilient to income shocks, while the social protection measures needed to mitigate against income losses are costly. With developing country governments already heavily indebted before the pandemic (Onyekwena and Ekeruche 2019), and with further anticipated losses in tax revenues due to COVID-related economic restrictions, their ability to finance palliative measures without sacrificing much-needed, longer-term public investments has remained a major concern.
Book Synopsis Resilience in the Malawi agri-food system amid the COVID-19 crisis: Evidence from a 2021 nationally representative household survey by : Ragasa, Catherine
Download or read book Resilience in the Malawi agri-food system amid the COVID-19 crisis: Evidence from a 2021 nationally representative household survey written by Ragasa, Catherine and published by Intl Food Policy Res Inst. This book was released on 2022-03-30 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a farm-level analysis of the effects of the COVID-19 crisis, 12–15 months in, using a nationally representative rural household survey conducted in June–July 2021. We draw three major observations from the survey. First, farming activities, access to inputs and extension services, production, and sales were largely unaffected by the crisis. There were temporary challenges in accessing inputs during lockdown and mobility restrictions, and input prices and transportation costs increased; however, production and sales volume and value were largely unaffected. Second, although farming was not affected, other nonfarm livelihoods of a large proportion of farmers were negatively affected because of lower demand and fewer buyers. Eighty-two percent of rural households were engaged in various nonfarm livelihoods, and 32 percent reported negative impacts of the crisis on their nonfarm incomes. Third, direct responses from sample households indicate no negative impacts of the crisis on food access and food consumption by most rural households. Comparisons between 2018 and 2021 of various food security indicators show improvements in food access and dietary diversity. Improvements are likely attributable to better harvests overall and greater awareness of the need to eat healthy and nutritious foods to combat COVID-19 and other diseases. Results show overall resilience of rural households and the agriculture sector amid the COVID-19 crisis. Nonetheless, the survey was conducted right after harvest, and the situation needs to be monitored during the lean season.
Book Synopsis Global Productivity by : Alistair Dieppe
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Book Synopsis Global Trends 2040 by : National Intelligence Council
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Book Synopsis COVID-19 in rural Malawi: Perceived risks and economic impacts rounds 1-4 by : Leavens, Laura
Download or read book COVID-19 in rural Malawi: Perceived risks and economic impacts rounds 1-4 written by Leavens, Laura and published by Intl Food Policy Res Inst. This book was released on 2021-12-13 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project note discusses findings from a panel phone survey in Malawi in which respondents were asked about their perceptions of the risks and impacts of COVID-19. Previous findings from the first and second rounds of the survey were discussed in two previous project notes. This note focuses on changes in indicators across rounds, using only panel households. The panel comprises households in eight rural districts in Malawi who were interviewed four times between July 2020 and July 2021. This study builds on a survey originally designed to measure seasonal changes in labor activities. However, as the pandemic spread, the survey was modified to include questions about COVID-19’s risks and impacts on their lives.
Book Synopsis COVID-19 in rural Malawi: Perceived risks and economic impacts round 2 by : Ambler, Kate
Download or read book COVID-19 in rural Malawi: Perceived risks and economic impacts round 2 written by Ambler, Kate and published by Intl Food Policy Res Inst. This book was released on 2021-03-23 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note summarizes perceptions of COVID-19 impacts and risks from a panel phone survey of rural households in eight districts in rural Malawi. While the results from the first round conducted in August 2020 were reported in a previous brief, this note will focus on the evolution of indicators from round 1 to round 2, conducted in November 2020. The sample comprises 833 households interviewed in both survey rounds. Two additional follow-up survey rounds are planned for 2021. The survey was originally designed to measure the seasonality of labor activities but was adjusted to assess COVID-19 impacts and perceptions in rural Malawi. Though initial concern of the impact of COVID-19 on Malawi was high at the start of the global pandemic, case numbers stayed relatively low through the end of 2020. Seven-day averages of 50-100 cases during the first survey round had dropped to under 5 in the fourth quarter of the year. Our analysis will examine how people’s perceptions evolved during this period of low infections.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1513571559 Total Pages :122 pages Book Rating :4.5/5 (135 download)
Book Synopsis Fiscal Monitor, April 2021 by : International Monetary Fund
Download or read book Fiscal Monitor, April 2021 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-04-07 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2021 edition of the Fiscal Monitor focuses on tailoring fiscal responses to the COVID-19 pandemic and adopting policies to reduce inequality and gaps
Book Synopsis OECD Economic Outlook, Volume 2011 Issue 1 by : OECD
Download or read book OECD Economic Outlook, Volume 2011 Issue 1 written by OECD and published by OECD Publishing. This book was released on 2011-07-18 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to the usual macroeconomic and country assessments and statistical annex with projection data, this issue of the OECD Economic Outlook also includes special chapters on the persistence of high unemployment and drivers and vulnerabilities associated with international capital flows.
Book Synopsis COVID-19 in rural Malawi: Perceived risks and economic impacts by : Ambler, Kate
Download or read book COVID-19 in rural Malawi: Perceived risks and economic impacts written by Ambler, Kate and published by Intl Food Policy Res Inst. This book was released on 2020-11-19 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malawi reported its first case of COVID-19 in April and declared a national emergency. Schools, bars and restaurants were closed, international flights suspended, and the economy faced considerable disruptions: quarterly growth projections from July were cut by more than 60% (Saldarriaga Noel et al. 2020). While still concerning, compared to other countries and other parts of the world, the spread of this disease in Malawi has been relatively modest with 5,951 confirmed cases and 184 COVID-19 linked deaths as of November 8, 2020. After accelerating rates of infection in June and July, the rates have decreased over the last two months.1 In response, there has been a partial return to normalcy, marked by easing COVID-19 restrictions and the reopening of schools at the beginning of September, even while the future trajectory of the disease remains unknown.
Book Synopsis The Global Findex Database 2017 by : Asli Demirguc-Kunt
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Book Synopsis Socio-economic and cultural impacts of COVID-19 on Africa by : UNESCO
Download or read book Socio-economic and cultural impacts of COVID-19 on Africa written by UNESCO and published by UNESCO Publishing. This book was released on 2020-07-21 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Secretary's Department Publisher :International Monetary Fund ISBN 13 :1513568817 Total Pages :74 pages Book Rating :4.5/5 (135 download)
Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
