Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery

World Bank

World Bank, Monrovia

关键词: ECONOMIC GROWTH;    CORONAVIRUS;    COVID-19;    PANDEMIC IMPACT;    MONETARY POLICY;   

RP-ID  :  AUS0001591

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

When the global COVID-19 (Coronavirus)pandemic emerged in early 2020, Liberia was already facing achallenging domestic and external environment. Weakconsumption and declining output had caused the Liberianeconomy to contract by an estimated 2.3 percent in 2019.Meanwhile, the inflation rate reached 27 percent, erodingconsumer purchasing power and undermining household welfare,and fiscal consolidation and monetary tightening furtherweakened domestic demand during the second half of 2019.However, the economy was poised for a recovery in 2020,underpinned by a positive global and regional outlook, arenewed focus on responsible macroeconomic management,improved governance, and structural reform. The IMF’sExtended Credit Facility (ECF) progra