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.
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.
Economics advisers, David Rosenblatt and Henry Mooney discuss the findings in their new report on the evolving economic issues surrounding COVID-19 and make recommendations on how the region can prepare for the next phase of the post-pandemic recovery. They also present new data on socioeconomic conditions and tourism dependency in Latin America and the Caribbean. Golda Lee Bruce, Development Storyteller for the Caribbean Country Department hosts this conversation.
To download the 2nd special edition of the Caribbean Quarterly Bulletin.
https://publications.iadb.org/en/caribbean-quarterly-bulletin-volume-9-issue-2-july-2020To access the new global tourism dependency index.
https://publications.iadb.org/en/extreme-outlier-pandemics-unprecedented-shock-tourism-latin-america-and-caribbeanHere you'll find survey results on how the Caribbean is doing during the crisis.
https://publications.iadb.org/en/covid-19-the-caribbean-crisis-results-from-an-online-socioeconomic-surveyFor more information about the Caribbean including blogs, publications and multimedia.
https://devtrends.iadb.org/en
