2020 Latin American and Caribbean Macroeconomic Report: Policies to Fight the Pandemic
The novel coronavirus is taking a huge toll across the world, and governments in Latin America and the Caribbean are right to take aggressive measures to save lives. Within a matter of weeks, the macroeconomic outlook for the region has changed dramatically. Financing costs have risen, commodities fallen, and large losses of GDP now seem unavoidable. However, the self-imposed partial closure of the economy is anything but a normal recession, and typical countercyclical demand management, both fiscal and monetary, is likely to be inconducive. The 2020 Latin American and Caribbean Macroeconomic Report provides a diagnosis of this rapidly changing environment and proposes policy recommendations aimed to bring relief, maintain economic stability, and keep the core of the economy intact.
| Main Author: | |
|---|---|
| Other Authors: | |
| Language: | English |
| Published: |
Inter-American Development Bank
|
| Subjects: | Fiscal Policy, Inflation, Monetary Policy, Central Bank Money, Interest Rate, Gross Domestic Product, Coronavirus, Pandemic, F01 - Global Outlook, O54 - Latin America • Caribbean, E62 - Fiscal Policy, E58 - Central Banks and Their Policies, F60 - Economic Impacts of Globalization: General, E66 - General Outlook and Conditions, Monetary policy;Fiscal policy;Inflation;Coronavirus;pandemic, |
| Online Access: | http://dx.doi.org/10.18235/0002284 https://publications.iadb.org/en/2020-latin-american-and-caribbean-macroeconomic-report-policies-fight-pandemic |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|