COVID-19 has severely disrupted our lives, jeopardized the well-being of billions of people, and raised the specter of a global food crisis, all in just a few months.
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With a devasting one-two punch, a supply shock followed by a demand shock, the COVID-19 pandemic has knocked out the world economy. The first blow was the Great Lockdown; the second, the worst recession since the Great Depression.
COVID-19 border policies create problems for African trade and economic pain for communities
The COVID-19 pandemic has triggered a range of border controls in countries around the world to curb the spread of the disease. In Africa, these moves have interrupted progress toward economic integration.
As COVID-19 begins its spread across Africa, concerns are growing about how the pandemic will affect the region’s already fragile food systems, especially in densely packed cities.
IFPRI’s COVID-19 Policy Response Portal: Identifying trends and implications for food systems
Developing countries have employed a wide range of policies to control COVID-19 and relieve economic stress. These responses continue to evolve, and different actions targeting the same problem vary widely in approach and impact.
The COVID-19 pandemic and government lockdown in Myanmar have led to falling exports and lost revenue from tourism and international remittances, hitting the economy hard.
As COVID-19 spreads around the globe, fears of a deep global recession are mounting. Some also fear that food supplies may start running short, especially if supply chains are disrupted.
Since the beginning of the outbreak in late December, food prices have remained stable in Wuhan, in Hubei province — and in fact, all over China.
The coronavirus pandemic has sparked not only a health crisis but also an economic crisis, which together pose a serious threat to food security, particularly in poorer countries.