COVID 19 and the Egyptian Economy From reopening to recovery Alternative pathways and impacts on sectors jobs and households is popular PDF and ePub book, written by Breisinger, Clemens in 2020-11-24, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, COVID 19 and the Egyptian Economy From reopening to recovery Alternative pathways and impacts on sectors jobs and households can be Read Online from any device for your convenience.
COVID 19 and the Egyptian Economy From reopening to recovery Alternative pathways and impacts on sectors jobs and households Book PDF Summary
Although the global economy is forecasted to shrink by 4.4 percent in 2020 (IMF 2020), the Egyptian economy is proving resilient to the immense human and financial costs caused by the global COVID-19 pandemic. This resilience is mainly explained by the successful implementation of the economic reform program since 2016 that provided more fiscal space to withstand the adverse impact of the COVID-19 crisis. However, that Egypt’s economy is holding up is also due to the rapid response and proactive measures to limit the impact of the virus that were implemented by the Egyptian Government since March 2020 (MPED 2020). These enabled the country to avoid a full lockdown policy (Figure 1). While Egypt posted negative economic growth rates from April to June 2020 at the height of the crisis, overall economic growth was still positive at 3.6 percent for fiscal year (FY) 2019/20. This estimate is only slightly lower than the initial projection of the impact of the pandemic on Egypt’s economy of an annual economic growth equal to 3.8 percent, as estimated by staff of the International Food Policy Research Institute (IFPRI) and the Ministry of Planning and Economic Development (MPED) (Breisinger et al. 2020). The deviation between the early and final estimate can be mainly explained by the lower than expected growth rates in the manufacturing and health services sectors and the better than expected performance of the trade and transport sectors.
Detail Book of COVID 19 and the Egyptian Economy From reopening to recovery Alternative pathways and impacts on sectors jobs and households PDF
- Author : Breisinger, Clemens
- Release : 24 November 2020
- Publisher : Intl Food Policy Res Inst
- ISBN : 978186723xxxx
- Genre : Political Science
- Total Page : 11 pages
- Language : English
- PDF File Size : 8,5 Mb
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