forum. If no effective measures are taken, the current Covid-19 crisis may leave deep marks on the future of young Africans. Description.
smallThe rejuvenation of the population and the positive response of African governments have made it possible to control the health shocks on the African continent. The number of deaths reported to the population on the African continent is still lower than in developed countries (100,000 deaths on the African continent, half of them). Recorded in South Africa), at least so was the social shock caused by the Covid-19 crisis. It is estimated that due to the economic consequences of this crisis, especially affecting young people, more than 30 million people in Africa will fall back into poverty.
Covid-19: IMF visits Africa
Being exposed to specific risks, young people may suffer sustained social degradation in such crisis situations, as previously shown in 2008. The dynamic demographics of the continent reversed, between 1.5 and 2 million, and should normally create jobs every year. According to the estimates of the International Labor Organization, the youth employment rate is maintained and the unemployment rate is prevented from rising. The economic recession observed in 2020, marked by a 3.7% decline in GDP, is expected to destroy employment opportunities for nearly 2 million young people. Students who are particularly at risk will complete their studies in 2020 or 2021, enter the labor market at the center of the crisis, and often find themselves forced to accept jobs below their qualification level, or suffer from long-term unemployment.
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According to the latest forecast, the country’s economic growth rate is about 3%, so it is hoped that the rebound in 2021 will be too small to make up for this gloomy year. Without specific support measures, Africa may sacrifice one or more generations, so a large-scale recovery plan must be implemented to support the transition to a more sustainable development model. If it is possible for European countries or the United States to raise funds for the stimulus plan through monetary support, Africa must benefit from different measures. The IMF’s massive issuance of special drawing rights and the massive redistribution of this money from developed countries will enable African countries to support their youth and avoid long-term social impact on the continent as much as possible. 40% of workers are already at risk, and attention to education is threatened more than ever.
The long-term consequences of the Covid-19 crisis have been announced, especially due to the difficulties encountered by the education system. In sub-Saharan Africa, in the past 12 months, students have benefited only 43% of normal education time*. This is a delay because the limited budgetary leeway in African countries will make it difficult to fill in financing measures. Psychological follow-up. With the adverse effects of each crisis, although the richest families have more means to provide education or medical support on their own, the poorest families without government support will not be able to do so. result? The increase in inequality is not only between generations, but also among contemporary people who have suffered crises in different ways.
After Covid-19: The consequences of Africa’s economic challenges
Another factor that exacerbates generational inequality is that national debt is increasing everywhere and making every young person bear a higher debt, thus widening the gap between those who only inherit debt and those who will also inherit assets. In order to curb this phenomenon, it is necessary to support more redistribution or minimize the burden of this debt.
The unprecedented health crisis we are experiencing in its unique way of exacerbating inequality in all aspects: access to health care, education, inequality in the job market… This is a critical moment. At this moment, countries will not increase funding. Appropriate measures in case of gradual exhaustion of funds. In order to deal with it, it is crucial that young people are invited now, and the carriers of tomorrow’s world will quickly and on a large scale consider the challenges posed by this crisis. Although these young people are less affected by the virus in terms of health, they are still Feeling suffocated. The multifaceted consequences of this global crisis.