The Impact of the Global Financial Crisis on The Economy of Sierra Leone
Weeks, John
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Resumo
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. (...)
Ficha do documento
- Tipo
- Relatório
- Ano
- 2009
- Instituição
- Instituto de Pesquisa Econômica Aplicada
- Fonte
- Repositório do Ipea
- Idioma
- Inglês
- Acesso
- Acesso aberto
- Identificador
- oai:repositorio.ipea.gov.br:11058/15822
- Licença
- Licença total exclusiva
- Temas
- Finanças Públicas
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