COVID-19: Needs Analysis Informing WFP’s Global Response Plan: Methods and Key Findings
WFP VAM the Market Monitor issue 48 - July 2020
Economic and food security implications of the COVID-19 outbreak
continued to evolve – and with it the challenges that poor countries face (Figure 1). After China, Europe and the US, Latin America has emerged as the epicenter of the pandemic. South Asia’s curve of weekly new cases has a worryingly steep slope too. As of mid-June, two out of three new confirmed cases are in low- and middle-income countries. While these countries are trying to cope with the fallout of an increasingly severe global economic recession, they are also battling the disease at home.
This brief, therefore, shifts attention from the external to the domestic shock, complementing the analysis of countries at risk of worsening food insecurity in earlier updates.
WFP produces Vulnerability Analysis and Mapping (VAM) bulletins. These are food security analyses that include geospatial and economic analysis,
food security monitoring and assessments, post-shock assessments and thematic analysis.
To find the latest VAM Bulletin, click here.
COVID-19 Outbreak: Economic and Food Security Implications
Global food security has been deteriorating in recent years due to conflicts, climate shocks, economic downturns and desert locust. The COVID-19 pandemic could drive up the increase in acute hunger over the past four years to more than 80 percent. The global economic outlook looks increasingly grim, reflected in the IMF’s revision of its estimates to -4.9 percent global GDP contraction in 2020, 2.1 percentage points below the April forecast. Moreover, the geographic spread of COVID-19 cases has continued to evolve – and with it the challenges that poor countries face (Figure 1). After China, Europe and the US, Latin America has emerged as the epicenter of the pandemic. South Asia’s curve of weekly new cases has a worryingly steep slope too. As of mid-June, two out of three new confirmed cases are in low- and middle-income countries. While these countries are trying to cope with the fallout of an increasingly severe global economic recession, they are also battling the disease at home. This brief, therefore, shifts attention from the external to the domestic shock, complementing the analysis of countries at risk of worsening food insecurity in earlier updates.