Report
Lysu Paez Cortez

Covid-19: North African countries in economic pain

Algeria, Morocco and Tunisia constitute a heterogenous group of countries by almost every aspect - politically, socially and economically. Even though the measures undertaken late March at the very early stage of the COVID-19 epidemic by local governments were pretty similar - quarantine measures, self-isolation, ban on public gathering s and support to hospitals - their structural differences are to explain the epidemic advance path and will determine the long-term impact of the current sanitary crisis. The decision to set up containment measures late - March kept infections cases at moderate levels. But t hree weeks on from the Eid- a l-Fitr celebration on May 24, a rise in infections was registered. O n the economic front, North African countries are no exception when it comes to the negative impact of the COVID -19 : their economies will undergo a generalized and deep recession in 2020 . Stimulus and emergency plans announced only amount for 2% to 3% of their GDP (vs. 6% in the E U) . Like for most Emerging countries, the path to recovery will likely be longer than for DMs.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Lysu Paez Cortez

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