Pandemic Archives - Page 3 of 4

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.

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.

Global Imbalances and the COVID-19 Crisis

By Sheriffdeen AdeotiPosted on August 5, 2020Posted in Africa & World EconomyTagged COVID-19, External Sector, Global, Pandemic, Trade, Trade BalanceNo Comments

A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts for 2020 imply only a further narrowing by some 0.3 percent of world GDP, a more modest decline than after the global financial crisis 10 years ago.

Unemployment in Today’s Recession Compared to the Global Financial Crisis

By Joshua OlorunsaiyePosted on July 24, 2020Posted in AgenciesTagged Global Financial Crisis, Global Pandemic, Pandemic, Recession, UnemploymentNo Comments

There has been much discussion in recent months about how workers who transitioned to working from home—and those who were deemed “essential”—are less affected by the layoffs and job losses brought on by lockdowns than are workers in “social” jobs that require closer human interaction, like restaurant workers.

Tracking Trade During the COVID-19 Pandemic

By Abubakar AbdulrahmanPosted on May 15, 2020Posted in Africa & World Economy, Agencies, ArticlesTagged Coronavirus, COVID-19, IMF, Lockdown, Pandemic, TradeNo Comments

Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their position, speed, and other information many times a day. A new IMF methodology using these data can help better inform us how international trade is affected by the COVID-19 pandemic.

Pandemic