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Assessing the toll of COVID-19 lockdown measures on the South African economy

In: COVID-19 and global food security

Author

Listed:
  • Arndt, Channing
  • Gabriel, Sherwin
  • Robinson, Sherman

Abstract

In trying to limit the spread of COVID-19, policymakers are confronting the difficult task of balancing the positive health effects of lockdowns against their economic costs — particularly the burdens imposed on low-income and food-insecure households. South African lockdown policies are relatively stringent, and the economic impacts are large. Figure 1 presents impacts on the income components of gross domestic product (GDP), based on an analysis using a social accounting matrix (SAM) model, a tool well-suited to assessing the impacts of shortterm shocks. The work is a collaboration between IFPRI, the National Treasury of South Africa, the South African Reserve Bank, and UNU-WIDER.

Suggested Citation

  • Arndt, Channing & Gabriel, Sherwin & Robinson, Sherman, 2020. "Assessing the toll of COVID-19 lockdown measures on the South African economy," IFPRI book chapters, in: COVID-19 and global food security, chapter 6, pages 31-32, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifpric:133840
    as

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