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

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...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Monrovia 2020
Subjects:	ECONOMIC GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT MONETARY POLICY FISCAL TRENDS EXTERNAL SECTOR RISKS ECONOMIC OUTLOOK PANDEMIC RESPONSE ECONOMIC RECOVERY
Online Access:	http://documents.worldbank.org/curated/en/159581596116122714/Liberia-Economic-Update-The-COVID-19-Crisis-in-Liberia-Projected-Impact-and-Policy-Options-for-a-Robust-Recovery http://hdl.handle.net/10986/34271

id	okr-10986-34271
recordtype	oai_dc
spelling	okr-10986-342712021-05-25T09:54:00Z Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery World Bank ECONOMIC GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT MONETARY POLICY FISCAL TRENDS EXTERNAL SECTOR RISKS ECONOMIC OUTLOOK PANDEMIC RESPONSE ECONOMIC RECOVERY 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 2020-08-03T17:59:01Z 2020-08-03T17:59:01Z 2020-06 Report http://documents.worldbank.org/curated/en/159581596116122714/Liberia-Economic-Update-The-COVID-19-Crisis-in-Liberia-Projected-Impact-and-Policy-Options-for-a-Robust-Recovery http://hdl.handle.net/10986/34271 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Monrovia Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Liberia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT MONETARY POLICY FISCAL TRENDS EXTERNAL SECTOR RISKS ECONOMIC OUTLOOK PANDEMIC RESPONSE ECONOMIC RECOVERY
spellingShingle	ECONOMIC GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT MONETARY POLICY FISCAL TRENDS EXTERNAL SECTOR RISKS ECONOMIC OUTLOOK PANDEMIC RESPONSE ECONOMIC RECOVERY World Bank Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
geographic_facet	Africa Liberia
description	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
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
title_short	Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
title_full	Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
title_fullStr	Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
title_full_unstemmed	Liberia Economic Update, June 2020 : The COVID-19 Crisis in Liberia - Projected Impact and Policy Options for a Robust Recovery
title_sort	liberia economic update, june 2020 : the covid-19 crisis in liberia - projected impact and policy options for a robust recovery
publisher	World Bank, Monrovia
publishDate	2020
url	http://documents.worldbank.org/curated/en/159581596116122714/Liberia-Economic-Update-The-COVID-19-Crisis-in-Liberia-Projected-Impact-and-Policy-Options-for-a-Robust-Recovery http://hdl.handle.net/10986/34271
_version_	1764480547111829504

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

Similar Items