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International Monetary Fund. African Dept.

Expenditures Annex I. Empirical Assessment of the Economic loss from covid-19 Containment Policies in Seychelles References

International Monetary Fund. African Dept.

9 per cent counterfactual loss of pre-pandemic GDP. Overall, the insular nature of Seychelles makes it very susceptible to external shocks. The COVID-19 pandemic is yet another example of this vulnerability. Therefore, the authorities need to be mindful that containment and closure policies adversely impact economic activity should they be implemented again for a prolonged period – both within and across countries. Annex I. Empirical Assessment of the Economic Loss from Covid-19 Containment Policies in Seychelles 1. The challenge . Suppose we want to