IDEAS home Printed from https://ideas.repec.org/a/wsz/fiq000/v17y2021i3id544.html

Economical Situation In Sub-Saharan African Countries

Author

Listed:
  • DARIUSZ SOBOŃ

    (Central Jacob Academy from Paradies in Gorzów Wielkopolski, Poland)

  • JANUSZ SOBOŃ

    (Jacob Academy from Paradies in Gorzów Wielkopolski, Poland)

  • JOANNA ROGOZIŃSKA-MITRUT

    (Jacob Academy from Paradies in Gorzów Wielkopolski, Poland)

  • RUSLANA SELEZNOVA

    (Taras Shevchenko Kiev National University, Ukraine)

Abstract

What began as a single COVID-19 case in China in late 2019 quickly spread around the globe in the first quarter of 2020. While the impact on the world's health systems is unknown, the economic toll remains also remains unknown as the world grapples with an unprecedented global recession. This paper estimates that COVID-19 will drag African economies into a fall of about 2,1% in GDP, with smaller economies facing contraction of up to 8%. The contraction is mainly a result of export adjustments affecting primary commodity exporters, and the attendant losses to tax revenue which reduce the capacity of government to extend the public services necessary to respond to the crisis.

Suggested Citation

Handle: RePEc:wsz:fiq000:v:17:y:2021:i:3:id:544
DOI: 10.2478/fiqf-2021-0021
as

Download full text from publisher

File URL: https://journals.wsiz.edu.pl/fiq/article/view/544
File Function: Abstract page
Download Restriction: no
File URL: https://journals.wsiz.edu.pl/fiq/article/download/544/507
File Function: Full text
Download Restriction: no
File URL: https://libkey.io/10.2478/fiqf-2021-0021?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;
;
;
;

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsz:fiq000:v:17:y:2021:i:3:id:544. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiesław Stręciwilk (email available below). General contact details of provider: https://journals.wsiz.edu.pl/fiq .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.