Africa’s early fiscal stimulus appeared to fall short

As of mid-April, African stimulus measures—amounting to between 1 and 1.5 percent of GDP—seemed insufficient given the potential three- to eight-percentage-point reduction in GDP growth the continent could see from the pandemic.

African countries have typically announced fiscal stimulus packages of 1 to 1.5 percent of GDP.

To read the article, see “Finding Africa’s path: Shaping bold solutions to save lives and livelihoods in the COVID-19 crisis,” April 2020.