The impact of the global financial crisis on the economy of Sierra Leone: A report for UNDP Freetown and the Ministry of Finance and Economic Development, Republic of Sierra Leone

Bericht

[Global crisis and poverty prevention] Most recent statistics indicate that the global financial crisis will cause a fall in export earnings in Sierra Leone of approximately fifteen percent in 2009 compared to 2008. A regression-based model estimates that this decline in exports earnings could result in a fall in national income of almost ten percent. Based on the income distribution in the 2003 household survey, a ten percent decline in national income would increase poverty by twelve percent of the population, or about 600,000 people. A fiscal stimulus of two percent of GDP could stabilise the economy at the level of 2008, preventing this disastrous increase in poverty. A stimulus package consisting of employment intensive public works programmes could be designed to return the economy to its pre-shock level with a reduction in poverty. (...)

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Country Study ; No. 18

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Finanzmarktkrise ; Makroökonomischer Einfluss ; Sierra Leone

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Weeks, John
• Ereignis: Veröffentlichung
• (wer): International Policy Centre for Inclusive Growth (IPC-IG)
• (wo): Brasilia
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/71766
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ