Development Finance and the Macro Economic Impact of COVID-19
Oxford Policy Management
This research looks at the macroeconomic impact of the COVID-19 pandemic in 15 countries across sub-Saharan Africa and South Asia, and uses economic modelling to forecast different scenarios for recovery, outlining important roles for bilateral and multilateral donors.
Insights
Using a combination of World Bank and IMF forecasts, observational data and economic modelling, the research identifies drastic drops in gross domestic product since the start of the pandemic with output and spending in most countries likely to remain below pre-Covid forecasts for years to come unless recovery can be accelerated by additional finance and impactful reform.
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