Simulating the Impact of COVID-19 on Formal Firms in Rwanda
Prior to COVID-19, Rwanda was booming, with economic growth exceeding ten percent in 2019. Strong growth has been accompanied by significant improvements across various human development indicators, such as poverty reduction and rising life expectancy. The pandemic has placed much of this progress in jeopardy. Exports and tourism have been hurt by border closures and disrupted trade flows, and Rwanda is already experiencing mounting balance of payment and fiscal pressures. The associated economic contraction is likely to result in significant declines in tax revenues.
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| Main Authors: | , , |
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| Format: | Brief biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020-08-31
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| Subjects: | WAGE SUBSIDY, CORPORATE INCOME TAX, REVENUE SHOCK, EMPLOYMENT, CORONAVIRUS, COVID-19, PANDEMIC IMPACT, FIRM PERFORMANCE, FIRM EXIT RATE, FIRM PROFITABILITY, SALES REVENUE, |
| Online Access: | http://documents.worldbank.org/curated/en/683601600974907024/Simulating-the-Impact-of-COVID-19-on-Formal-Firms-in-Rwanda http://hdl.handle.net/10986/34543 |
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| Summary: | Prior to COVID-19, Rwanda was booming,
with economic growth exceeding ten percent in 2019. Strong
growth has been accompanied by significant improvements
across various human development indicators, such as poverty
reduction and rising life expectancy. The pandemic has
placed much of this progress in jeopardy. Exports and
tourism have been hurt by border closures and disrupted
trade flows, and Rwanda is already experiencing mounting
balance of payment and fiscal pressures. The associated
economic contraction is likely to result in significant
declines in tax revenues. |
|---|