Publicación periódica
The economy in the time of COVID-19 Semiannual Report of the Latin America and Caribbean Region
For the last five years the economic performance of Latin America and the Caribbean has been disappointing, with growth rates being barely positive on average. Supporting the trends in social spending made possible by unusually high commodity prices was becoming increasingly difficult, which confronted many countries with painful adjustments. Over 2019, social unrest erupted across the region, reflecting a widening gap between popular expectations and economic and social realities. And then, in early 2020, international oil prices collapsed. This is also when the Covid-19 outbreak unfolded.
ACKNOWLEDGEMENTS;
EXECUTIVE SUMMARY;
FROM LACKLUSTER TO CALAMITOUS:
- Decelerating economic growth;
- Emerging social unrest;
- A new oil shock;
- The Covid-19 outbreak;
THE OUTLOOK FOR THE REGION
ASSESSING THE SITUATION IN THE SHORT RUN;
HEALTH COSTS AND ECONOMIC COSTS:
- How to think about the tradeoffs?;
- How large can the health cost be?;
- How effective are containment measures?;
- What is the economic impact of containment measures?;
- How large may the overall economic cost be?;
ADDRESSING THE ECONOMIC CRISIS:
- The policy responses so far;
- Protecting jobs and firms;
- Averting a financial crisis;
- How (not) to socialize the losses;
COUNTRY BRIEFS;
REFERENCES.
The chief economist office for Latin America and the Caribbean. The macroeconomics, trade and investment global practice.
- Formato: PDF
- Número de páginas: 64
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For the last five years the economic performance of Latin America and the Caribbean has been disappointing, with growth rates being barely positive on average. Supporting the trends in social spending made possible by unusually high commodity prices was becoming increasingly difficult, which confronted many countries with painful adjustments. Over 2019, social unrest erupted across the region, reflecting a widening gap between popular expectations and economic and social realities. And then, in early 2020, international oil prices collapsed. This is also when the Covid-19 outbreak unfolded.
ACKNOWLEDGEMENTS;
EXECUTIVE SUMMARY;
FROM LACKLUSTER TO CALAMITOUS:
- Decelerating economic growth;
- Emerging social unrest;
- A new oil shock;
- The Covid-19 outbreak;
THE OUTLOOK FOR THE REGION
ASSESSING THE SITUATION IN THE SHORT RUN;
HEALTH COSTS AND ECONOMIC COSTS:
- How to think about the tradeoffs?;
- How large can the health cost be?;
- How effective are containment measures?;
- What is the economic impact of containment measures?;
- How large may the overall economic cost be?;
ADDRESSING THE ECONOMIC CRISIS:
- The policy responses so far;
- Protecting jobs and firms;
- Averting a financial crisis;
- How (not) to socialize the losses;
COUNTRY BRIEFS;
REFERENCES.
The chief economist office for Latin America and the Caribbean. The macroeconomics, trade and investment global practice.
- Formato: PDF
- Número de páginas: 64
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