Africa's Pulse

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http://hdl.handle.net/10986/20236
Africa’s Pulse is a biannual publication containing an analysis of the near-term macroeconomic outlook for the region. Each issue also includes a section focusing upon a topic that represents a particular development challenge for the continent. It is produced by the Office of the Chief Economist for the Africa Region of the World Bank.
Subject: FISCAL POLICY × Topic: Finance and Financial Sector Development ×

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    Publication
    Africa's Pulse, No. 21, Spring 2020: An Analysis of Issues Shaping Africa’s Economic Future
    (World Bank, Washington, DC, 2020-04-08) Zeufack, Albert G. ; Calderon, Cesar ; Kambou, Gerard ; Djiofack, Calvin Z. ; Kubota, Megumi ; Korman, Vijdan ; Cantu Canales, Catalina
    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. Eeconomic 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 (short-term) relief measures and (medium-term) 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 official bilateral creditors.
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    Africa's Pulse, April 2014 : An Analysis of Issues Shaping Africa's Economic Future
    (Washington, DC, 2014-04) World Bank
    This Africa's pulse newsletter includes the following The economic outlook for Sub-Saharan Africa remains robust, but growth is vulnerable to lower commodity prices and a slowdown in capital flows, the frequency and strength of growth spurts have increased, and growth has shifted the structure of African economies in favor of the resources and services sectors.
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    Africa's Pulse, October 2012 : An Analysis of Issues Shaping Africa's Economic Future
    (Washington, DC, 2012-10) World Bank
    This Africa's pulse newsletter includes the following headings: Sub-Saharan African countries continue to grow at a steady pace; the region's decade-long economic expansion appears sustainable; and for newly resource-rich countries, strong governance will be key to harnessing resource wealth for development.
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    Africa's Pulse, February 2012 : An Analysis of Issues Shaping Africa's Economic Future
    (Washington, DC, 2012-02) World Bank
    This Africa's pulse newsletter includes the following headings: recent economic trends; global economic developments; and trends and outlook for Sub-Saharan Africa.
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    Africa's Pulse, September 2011 : An Analysis of Issues Shaping Africa's Economic Future
    (Washington, DC, 2011-09) World Bank
    This Africa's pulse newsletter includes the following heading: recent economic trends; and the challenge of employment in Africa: raising the productivity of the informal sector.