The Economic Impact of Covid-19 on African Countries: The Case of Madagascar

Abstract

The emergence of the Coronavirus disease (COVID-19) on the global public health scene has stunned the entire world in terms of the pandemic’s impact and origin. Almost all economic activities worldwide were paralyzed by the pandemic, especially in developing countries with their intrinsic domestic and international services, including Madagascar. However, in the pre-covid situation, Madagascar is known as one of the weak countries economically, meanwhile, the outbreak of the said pandemic jeopardized its economic policy. Therefore, the main purpose of this study is to examine Madagascar`s economy impacted by Covid-19 to analyze a better understanding of the post-covid future economy restoration and seek to point out further highlights of the main policy measures adopted by the Malagasy government, involving restrictions on the island economic. Basically, the research study applied an empirical data approach and data analysis collection to discover Madagascar’s economic issues, and analyze the impact of the covid-19. Thereupon, this study found that, in the post-covid period, Madagascar is still bearing negative impacts on its economic sector. As a result of this study, Malagasy authorities need to assist vulnerable households and social poverty high rates caused by the unemployment, daily expenses, and uncontrolled isolation.