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Title: | The Impact of the Global Financial Crisis on The Economy of Sierra Leone |
Authors: | Weeks, John |
Abstract: | 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. (...) |
metadata.dc.rights.holder: | International Policy Centre for Inclusive Growth United Nations Development Programme |
metadata.dc.rights.license: | O texto e dados desta publicação podem ser reproduzidos desde que as fontes sejam citadas. Reproduções com fins comerciais são proibidas. |
metadata.dc.type: | Research Report |
Appears in Collections: | Publicações do IPC-IG |
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