Macroeconomic stimulus packages and inequality in developing countries: lessons from the 2007-2009 crisis for South Africa
SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2020
TITLE AUTHOR(S): A.Habiyaremye, P.Jacobs, O.Molewa, P.Lekomanyane
KEYWORDS: COVID-19, DEVELOPING COUNTRIES
DEPARTMENT: Equitable Education and Economies (IED)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-covid19-april-2020/macro-economic-stimulus-packages
Print: HSRC Library: shelf number 11365
HANDLE: 20.500.11910/15365
URI: http://hdl.handle.net/20.500.11910/15365
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2020
TITLE AUTHOR(S): A.Habiyaremye, P.Jacobs, O.Molewa, P.Lekomanyane
KEYWORDS: COVID-19, DEVELOPING COUNTRIES
DEPARTMENT: Equitable Education and Economies (IED)
Web link: http://www.hsrc.ac.za/en/review/hsrc-review-covid19-april-2020/macro-economic-stimulus-packages
Print: HSRC Library: shelf number 11365
HANDLE: 20.500.11910/15365
URI: http://hdl.handle.net/20.500.11910/15365
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
The COVID-19 pandemic continues to spread relentlessly across the planet and has disrupted economic activities wherever it has spread. Rarely do health crises of this global magnitude result in such extreme macroeconomic destabilisation and devastation. Health and economic systems have been ill-prepared to counter the calamities of a pandemic of this scale. While lockdowns have been a chief instrument to protect weakened health systems from being overwhelmed by the pandemic, this immediate benefit pales against the escalating macroeconomic costs of this health crisis. The COVID-19 pandemic threatens to turn the global economic downturn into an extended Twenty-first Century Acute Depression.-
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