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.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Victoria Nuguer
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
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