
How Can Sub-Saharan African Countries Minimize the Impact of Coronavirus Pandemic on Economic Performance?
The large-scale effect of coronavirus pandemic (COVID-19) sparked world-wide concerns over global economic developments. For Sub-Saharan Africa, the pandemic’s spillover effect on global trade and commodity prices has rendered its economic outlook bluntly uncertain. Particularly, because of the fact that the region’s economic trajectory remains on a balance-of-payments-constrained growth path. Which implies that Sub-Saharan Africa’s growth depends strongly on export, but the ability to import is also constrained by financial inflows and strong export performance; which in turn predictably depends on stronger commodity prices, foreign demand, and competitive depreciations (at least in the short run).