2021
DOI: 10.1111/1467-8268.12519
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The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia

Abstract: The COVID‐19 impact on the global economy combined with partial lockdown measures in Ethiopia represents a large, unprecedented shock to the country's economy. The social accounting matrix (SAM) multiplier model, built on the most up‐to‐date SAM (2017) for Ethiopia, shows that the country suffered a 14.3% loss in GDP (Birr 43.5 billion or US$1.9 billion) during the lockdown period compared to the no‐COVID case during the same period. Nearly two‐thirds of the losses come from the services sector. Although no di… Show more

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Cited by 30 publications
(17 citation statements)
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“…In addition according to World Bank report on 2020, the service sector was decreased by 38% due to COVID-19 epidemic disease. This finding is similar with [ 25 , 26 , 29 – 31 ]…”
Section: Resultssupporting
confidence: 93%
“…In addition according to World Bank report on 2020, the service sector was decreased by 38% due to COVID-19 epidemic disease. This finding is similar with [ 25 , 26 , 29 – 31 ]…”
Section: Resultssupporting
confidence: 93%
“…However, the lockdown was not strictly implemented due to the fragility in the country's economy and people's socio-economic conditions. This endemic disrupts the economy and increases the healthcare system's burden ( 16 – 19 ). Economic activities, especially agricultural and industrial activities, were necessary to continue to maintain food security.…”
Section: Introductionmentioning
confidence: 99%
“…Moreover, the COVID‐19 pandemic could create contractions in employment and consumption that would lead to an economic recession in Africa and widen both fiscal and current account deficits (Morsy et al, 2021 ). In Ethiopia, for example, the economic activity contraction was estimated at 14.3% loss in GDP (Aragie et al, 2021 ). Despite the significant improvement in the lives of people in Africa, the pandemic could push about 39 million more Africans into extreme poverty in 2021 and 25–30 million jobs could be lost (African Development Bank, 2020 ).…”
Section: Introductionmentioning
confidence: 99%