Caribbean Quarterly Bulletin: Volume 9: Issue 2, July 2020

Governments in the Caribbean region have been relatively successful in flattening the infection curve of the coronavirus in their countries. Geographical isolation is a contributing factor, but decisive and determined government action has been effective in reducing community transmission. Many potential deaths have been avoided. Yet this accomplishment has yet to be compensated with an economic reward. As these countries begin to open their domestic economies, they are still battered by external shocks. This is particularly the case for the tourism-dependent economies that experienced a virtual shutdown of the sector during the second quarter of the year. The natural-resource-based economies are also suffering from the lingering effects of the decline in commodity prices and related external demand. This second special edition of the IDB Caribbean Quarterly Bulletin provides an update of economic conditions in the region. It also focuses on important evolving issues, including the potential impact of the corona virus crisis on countries balance of payments, and on new data from the IDB on the real-time social effects of the crisis.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Henry Mooney
Language:English
Published: Inter-American Development Bank
Subjects:Fiscal Policy, Employment Rate, Tourism, Commodity Export, Commodity Price, Economic Development, Economic Policy, Gross Domestic Product, Coronavirus, Pandemic, Economic Recession, Preventive Healthcare, H5 - National Government Expenditures and Related Policies, O1 - Economic Development, E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook, F0 - International Economics: General, E0 - Macroeconomics and Monetary Economics: General, O2 - Development Planning and Policy, Employment;Caribbean;public policy;Tourism;commodities;recession;macroeconomics;covid;Economy;Social Impact,
Online Access:http://dx.doi.org/10.18235/0002507
https://publications.iadb.org/en/caribbean-quarterly-bulletin-volume-9-issue-2-july-2020
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