Distributional Impacts of COVID 19 in the Middle East and North Africa Region is popular PDF and ePub book, written by Johannes G. Hoogeveen in 2021-12-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Distributional Impacts of COVID 19 in the Middle East and North Africa Region can be Read Online from any device for your convenience.
Distributional Impacts of COVID 19 in the Middle East and North Africa Region Book PDF Summary
COVID-19 is one of multiple crises to have hit the Middle East and North Africa (MENA) region in the decade following the Arab Spring. War, oil price declines, economic slowdowns, and now a pandemic are tearing at the social fabric of a region characterized by high rates of unemployment, high levels of informality, and low annual economic growth. The economic costs of the pandemic are estimated at about US$227 billion, and fiscal support packages across MENA are averaging 2.7 percent of GDP, putting pressure on already weak fiscal balances and making a quick recovery challenging. Even before the COVID-19 pandemic, MENA was the only region in the world experiencing increases in poverty and declines in life satisfaction. Distributional Impacts of COVID-19 in the Middle East and North Africa Region investigates how COVID-19 changed the welfare of individuals and households in the region. It does so by relying on phone surveys implemented across the region and complements these with microsimulation exercises to assess the impact of COVID-19 on jobs, income, poverty, and inequality. The two approaches complement and corroborate each other's results, thereby making the findings more robust and richer. This report's results show that, in the short run, poverty rates in MENA will increase significantly and inequality will widen. A group of 'new poor' is likely to emerge that may have difficulty recovering from the economic consequences of COVID-19. The report adds value by analyzing newly gathered primary data, along with projections based on newly modeled micro- and macrosimulations, and by identifying key issues that policy makers should focus on to enable a quick, inclusive, and sustained economic recovery.
Detail Book of Distributional Impacts of COVID 19 in the Middle East and North Africa Region PDF
- Author : Johannes G. Hoogeveen
- Release : 20 December 2021
- Publisher : World Bank Publications
- ISBN : 9781464817779
- Genre : Business & Economics
- Total Page : 292 pages
- Language : English
- PDF File Size : 13,7 Mb
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