Policymakers are no exception, for whom the pandemics' uncontrollable nature has placed them in a difficult situation; the choice between the ... health of the nation and the economy. The impact of the lockdown has affected the supply and demand on a global scale not seen in our lifetime resulting in our first global depression. The effect will inevitably lead to an increase in inequalities and poverty, and the world may record its first increase in poverty since 1998.
When news of COVID-19 reached the non-scientific world, there was panic and surprisingly, hope. Optimists saw this global crisis as an opportunity ... for people to empathize and connect based on our shared humanity. As heartwarming videos of quarantined Europeans singing on balconies went viral, for a brief moment, this idea seemed possible.
The virus causing COVID-19 continues to spread throughout the planet, threatening both millions of lives, and the global economy. Governments, ... multilateral institutions and investors are taking urgent action to respond to the health and economic crises.
Over the course of the past few months, many of Africa’s key markets responded to the growing threat of COVID-19 by adopting stringent lockdown ... conditions. What’s become increasingly clear since then is the economic costs of the crisis are likely to be particularly severe across the sub-Saharan Africa (SSA) region.
COVID-19 has disrupted the global economy with the uprooting of supply chains. The decades-long, single-minded focus on optimising supply chains ... helped the world minimize costs, reduce inventory, and boost asset utilisation.
Africa’s population will double by 2050. The continent and its vast pool of exceptionally young human capital – with a median age of 19.7 ... years – is gifted with an historic opportunity for sustained economic development. One of the key factors in realizing this growth is the widening of access to higher education - however, there are legitimate questions to be asked about what kind of education is on offer and who gains access to it.
In the aftermath of the financial and debt crises that started in 2007, food prices increased 57% in 2008 and 64 per cent in 2012, leading to ... a global food emergency in which 75 million more people went to bed hungry. The food crisis contributed to major protests and instability across the world, including in Mexico, Bangladesh and Burkina Faso. In the Middle East, it helped trigger the Arab Spring of 2012.