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Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Growth.
- Economic Recovery.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty Reduction.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Growth.
- Economic Recovery.
- Fiscal and Monetary Policy.
- Health, Nutrition and Population.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty Reduction.
- Other Title:
- Liberia Economic Update, June 2020
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- When the global COVID-19 (Coronavirus) pandemic emerged in early 2020, Liberia was already facing a challenging domestic and external environment. Weak consumption and declining output had caused the Liberian economy to contract by an estimated 2.3 percent in 2019. Meanwhile, the inflation rate reached 27 percent, eroding consumer purchasing power and undermining household welfare, and fiscal consolidation and monetary tightening further weakened 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, a renewed focus on responsible macroeconomic management, improved governance, and structural reform. The IMF's Extended Credit Facility (ECF) progra.
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