Report

South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
dc.date.accessioned
2022-02-16T14:12:52Z
dc.date.available
2022-02-16T14:12:52Z
dc.date.issued
2022-02-16
dc.date.lastModified
2022-02-17T05:10:40Z
dc.description.abstract
South Sudan faced significant headwinds in FY2020/21, with the pandemic, floods, and violence flareups affecting economic activities. Consequently, the economy is estimated to have contracted by 5.4 percent in FY2020/21. Oil production declined by 5.9 percent as floods affected production and the COVID-19 pandemic delayed new investments to replace exhausted wells. In the agriculture sector, flooding precipitated estimated losses of 38,000 tons of cereals (4.3% of 2020 production) and 800,000 livestock according to FAO estimates. The overall cereal deficit was projected to reach 465,610 metric tons in 2021, equivalent to about 35 percent of the overall food requirement for the year, sustaining high levels of food insecurity. Living conditions continue to be impacted by violence, displacement, and inadequate access to basic services. With improving macroeconomic conditions supported by an ongoing macro-fiscal reform program, a modest growth rebound of 1.2 percent is projected in FY2021/22. Nevertheless, poverty levels are expected to remain exceptionally high. As the economy recovers from multiple shocks, a focus on policy options to stimulate the creation of a sufficient number of quality jobs to absorb a young and expanding labor force should take center stage. Economies that create jobs, particularly for the youth, are generally more stable and can elevate public confidence in the Government’s capacity to deliver. In South Sudan, an effective jobs support program would invest in immediate livelihood support, the recovery of modest business activities, and the revival of markets.
en
dc.identifier
http://documents.worldbank.org/curated/en/099650002152233681/P1737580e2efa4025093600b8be2b53aa10
dc.identifier.uri
http://hdl.handle.net/10986/36994
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ECONOMIC GROWTH
dc.subject
LIVING STANDARDS
dc.subject
ACCESS TO SERVICES
dc.subject
EXCHANGE RATE
dc.subject
INFLATION
dc.subject
FISCAL TRENDS
dc.subject
TRADE
dc.subject
FINANCIAL SECTOR
dc.subject
ECONOMIC OUTLOOK
dc.subject
RISKS
dc.subject
CONFLICT
dc.subject
DISPLACEMENT
dc.subject
PEACEBUILDING
dc.subject
RECOVERY
dc.subject
JOB CREATION
dc.subject
EMPLOYMENT
dc.title
South Sudan Economic Monitor, February 2022
en
dc.title.subtitle
Towards a Jobs Agenda
en
dc.type
Report
en
okr.date.disclosure
2022-02-15
okr.date.lastmodified
2022-02-15T00:00:00Z
en
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.docurl
http://documents.worldbank.org/curated/en/099650002152233681/P1737580e2efa4025093600b8be2b53aa10
okr.googlescholar.linkpresent
yes
okr.guid
099650002152233681
okr.identifier.externaldocumentum
33731599
okr.identifier.internaldocumentum
33731599
okr.identifier.report
168727
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/099650002152233681/pdf/P1737580e2efa4025093600b8be2b53aa10.pdf
en
okr.region.administrative
Africa
okr.region.administrative
Africa Eastern and Southern (AFE)
okr.region.country
South Sudan
okr.topic
Conflict and Development :: Conflict and Fragile States
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Poverty Reduction :: Access of Poor to Social Services
okr.topic
Poverty Reduction :: Living Standards
okr.topic
Social Protections and Labor :: Employment and Unemployment
okr.unit
EFI-AFR1-MTI-MacroFiscal-2 (EAEM2)

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