Friday, August 07, 2020/ 03:00 PM / United Capital Research / Header
Image Credit: Al Arabbiya
The world is suffering from both the primary and secondary impact of COVID-19 pandemic. Africa was the last frontier to be hammered by COVID-19 and despite the late arrival of the virus and the prompt implementation of social distancing measures, the virus spread rapidly across the region, currently with about a million cases.
Notably, The World Bank has estimated that the deadly COVID-19 pandemic could cost the region between $37.0bn - $79.0 bn in terms of output losses caused by trade disruption. However, with the expansionary policies rolled out by both fiscal and monetary authorities across the region estimated at under $20.0bn, we assume that these policies can only at best minimize the depth of contraction/slowdown.
As economies re-open, we believe that the shape, duration, and size of recovery will vary from country to country, depending heavily on the improvement in the external dynamics (global supply chain, commodity prices as well as capital flows) and the length of time required to bring economic activities back to near pre-COVID-19 levels. We note that recovery will be more strenuous in countries with little to no monetary or fiscal space to provide large-size bailouts for economic recovery. The downside risk to our overall outlook remains that the decline in growth could be deeper and more widespread as outbreaks intensify and spread more widely across the region.
Jul-2020 CPI YoY - August 8th
Jul-2020 CPI YoY - August 10th
Aug-2020 lending and deposit rate - August 13th
July-2020 Inflation Report - August 12th
Jun-2020 Overseas remittances - August 13th
Q2-2020 PPI YoY - August 13th
Jul-2020 CPI YoY - August 13th
Jul-2020 Private sector credit YoY - August 13th
Jul-2020 Gross reserves - August 7th
5. Africa Economy: Caught Between a Rock and a Hard Place
6. SSA Monetary Policy Response to COVID-19: at the Expense of Price Stability?
7. A More than Expected Slowdown in Global Growth - PFI Capital
8. COVID-19 And Africa: Any Economic Lesson for Africa Leaders?
9. Currencies in Africa: South African Rand Leads Laggards
10. Many Different African Debt Narratives
11. Coronanomics (11) - Fighting A Virus - Africa's Equity Market
12. Some Different Priorities in the Ghanaian Response to the Coronavirus - FBNQuest
13. Coronanomics (9) - China, US-Africa Bilateral Trade Data - Changing Partners
14. Coronanomics (8) - African Economies - An Emerging Market Fight Back
15. Indian Arm of Deloitte, KPMG, PwC, EY Defer Pay Hikes, Bonuses; Partners Take Pay Cuts
16. Coronanomics (7) - Global Policy Responses Against the Negative Impact of COVID-19
17. Coronanomics (6) - Global Stock Market - Top 3 Decliners Dipped By 0ver 26% YTD
18. Federal Reserve Issues FOMC Statement and Implementation Note from Its June 9-10 Meeting
19. Coronanomics (4) - Chinese Economy and The Rest of the World
20. Coronanomics (3) - The Global Economy Spinning on a Wishing Wheel