COVID-19 Archives - Page 4 of 9

COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade

By Joshua OlorunsaiyePosted on August 27, 2020Posted in AgenciesTagged Africa, COVID-19, emerging market economies, LIDCs, Low-Income Developing Countries, Poverty, Sustainable Development Goals (SDGs)No Comments

While the COVID-19 crisis is sending shockwaves around the globe, low-income developing countries (LIDCs) are in a particularly difficult position to respond. LIDCs have both been hit hard by external shocks and are suffering severe domestic contractions from the spread of the virus and the lockdown measures to contain it. At the same time, limited resources and weak institutions constrain the capacity of many LIDC governments to support their economies.

Launching a New Academic Year under the Cloud of COVID-19

By Sheriffdeen AdeotiPosted on August 22, 2020Posted in AgenciesTagged Academic, COVID-19, Pandemic, School, World BankNo Comments

The next few weeks mark the beginning of the school year across the northern hemisphere. Per the World Bank School Closure data, (School Closures and Affected Students by country; a World Bank tracking tool) sixty-seven countries, almost half of them located in Europe and Central Asia, have reopened or are expecting to reopen schools by September. This year, the safety of students and teachers vis-a-vis the coronavirus (COVID-19) spread is top priority.

Tourism Trauma and COVID-19

By Aminu MusaPosted on August 20, 2020Posted in AgenciesTagged COVID-19, IMF, Lockdown, Pandemic, TourismNo Comments

Pandemic-related lockdowns, flight cancellations, and border closures may be putting a crimp on summer vacation plans. However, the precipitous drop in tourism will have an outsized impact on countries that rely on foreign travelers—with potentially large-scale effects on their economies’ national accounts.

How The Pandemic Is Making The Gender Pay Gap Worse

By Aminu MusaPosted on August 18, 2020Posted in AgenciesTagged COVID-19, Gender, GENDER GAPS, Pandemic, Pay gap, RecessionNo Comments

A new study finds that this recession is hitting women harder. Between February and April 2020, male unemployment increased 9.9 percent; female unemployment increased 12.8 percent. The pandemic has ravaged in-person service jobs — at restaurants, hotels, pilates studios, retail outlets, and so on — which are disproportionately done by women.

H1’20 Review of Activities in Nigeria Equities Market

By Sheriffdeen AdeotiPosted on August 17, 2020Posted in Business & FinanceTagged COVID-19, Equities, ETFs, FDI, FPI, NSE, Pandemic, Performance, Stock ExchangeNo Comments

Although Stock bourses are forward looking in nature, they generally portray the momentum of the economy. An upward trend could signal investors’ confidence in the market while otherwise could mean sell-offs and economic activities are going south.

[INFOGRAPHICS] Trend in Global COVID-19 Death Rate

By Okeowo EbenezerPosted on August 15, 2020Posted in AnalyticsTagged Coronavirus, COVID-19, Death Rate, Global, PandemicNo Comments

Aging Economies may Benefit Less from Fiscal Stimulus

By Joshua OlorunsaiyePosted on August 8, 2020Posted in AgenciesTagged Aging Economies, COVID-19, Fiscal Policy, Fiscal Stimulus, IMF, Pandemic, populationNo Comments

A new IMF research finds that age matters when considering fiscal stimulus. Specifically, the study found that fiscal policy isn’t as effective in boosting growth in economies with older populations, compared to economies with younger populations.

[INFOGRAPHICS] IMF COVID-19 Financial Assistance to SSA Countries

By Adebisi SamuelPosted on August 7, 2020Posted in AnalyticsTagged COVID-19, IMF, Nigeria, South Africa, SSANo Comments

$15.42 billion have found way to Sub-Saharan African Countries to tackle COVID-19 courtesy of the IMF. Nigeria and South Africa receives the largest share at $3.4 billion and $4.3 billion respectively

[INFOGRAPHICS] H1’20 Top and Bottom Line of Cement Companies in Nigeria

By Abdulazeez KurangaPosted on August 7, 2020Posted in AnalyticsTagged BUACEMENT, cement, COVID-19, DANGCEM, Lockdown, Nominal GDP, Real GDP, WAPCONo Comments

Nigerian cement companies recorded aggregate growth in their revenues and net income for the half year ended Jun’2020. From our analysis, we highlight that cement volumes actually declined for the companies during the period compared to H1’19 and this is as a result of the social distancing lockdown measures (particularly in April) initiated to combat […]

COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

By Abubakar AbdulrahmanPosted on August 6, 2020Posted in Africa & World EconomyTagged COVID-19, Emerging Markets, Exchange Rate, IMF, Pandemic, World EconomyNo Comments

The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their limit and unorthodox policies are not without risks.

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