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The pandemic is modeled as a supply shock that disrupts economic activities of African countries and then affects households\u2019 consumption behavior, the level of their welfare, and businesses\u2019 investment decisions. The macroeconomic dynamic general equilibrium model is calibrated to account for informality, a key feature of African economies. We find that COVID\u201019 could diminish employment in the formal and informal sectors and contract consumption of non\u2010savers and, especially, savers. These contractions would lead to an economic recession in Africa and widen both fiscal and current account deficits. Extreme poverty is expected to increase further in Africa, in particular if the welfare of the poorest households grows at lower rates. We also use the macroeconomic model to analyze the effects of different fiscal policy responses to the COVID\u201019 pandemic.<\/jats:p>","DOI":"10.1111\/1467-8268.12526","type":"journal-article","created":{"date-parts":[[2021,5,18]],"date-time":"2021-05-18T08:11:09Z","timestamp":1621325469000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":12,"title":["\u2018Not a good time\u2019: Assessing the economic impact of COVID\u201019 in Africa using a macro\u2010micro simulation approach"],"prefix":"10.1111","volume":"33","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7224-810X","authenticated-orcid":false,"given":"Hanan","family":"Morsy","sequence":"first","affiliation":[{"name":"Macroeconomic Policy, Forecasting and Research Department African Development Bank  Abidjan C\u00f4te d'Ivoire"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Lacina","family":"Balma","sequence":"additional","affiliation":[{"name":"Macroeconomic Policy, Forecasting and Research Department African Development Bank  Abidjan C\u00f4te d'Ivoire"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Adamon N.","family":"Mukasa","sequence":"additional","affiliation":[{"name":"Macroeconomic Policy, Forecasting and Research Department African Development Bank  Abidjan C\u00f4te d'Ivoire"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2021,5,18]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1111\/1467-8268.12172"},{"key":"e_1_2_8_3_1","volume-title":"African Economic Outlook 2021: From debt resolution to growth: The road ahead for Africa","author":"African Development Bank","year":"2021"},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-8268.2013.12028.x"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.3386\/w26983"},{"key":"e_1_2_8_6_1","first-page":"1","article-title":"The impacts of the Covid\u201019 pandemic on employment in Cameroon: A general equilibrium analysis","author":"Boukar M. 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Fiscal policy during a pandemic Federal Reserve Bank of St. Louis Working Paper 2020\u2010006E."},{"key":"e_1_2_8_17_1","first-page":"119","volume-title":"The impact of macroeconomic policies on poverty and income distribution: Macro\u2010micro evaluation techniques and tools","author":"Ferreira F.","year":"2008"},{"key":"e_1_2_8_18_1","doi-asserted-by":"crossref","unstructured":"Goldstein J. R. &Lee R. D.(2020) Demographic perspectives on mortality of COVID\u201019 and other epidemics(NBER Working Paper No. 27043). Cambridge MA: National Bureau of Economic Research.","DOI":"10.3386\/w27043"},{"key":"e_1_2_8_19_1","doi-asserted-by":"crossref","unstructured":"Lakner C. Mahler D. G. Negre M. &Prydz E. B.(2019) How much does reducing inequality matter for global poverty? (Policy Research Working Paper 8869). 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