The Economy in the Time of Covid-19

After a period of rapid economic growth associated with high commodity prices, the region had entered a phase of lackluster performance. Recent developments, including a new oil price shock, and the outbreak of the Covid-19 epidemic will push the region into recession. Many countries are struggling...

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Main Author:	World Bank
Format:	Serial
Published:	Washington, DC: World Bank 2020
Subjects:	CORONAVIRUS COVID-19 ECONOMIC GROWTH INCOME INEQUALITY LABOR MARKET LABOR FORCE PARTICIPATION RECESSION ECONOMIC SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT PANDEMIC POLICY RESPONSE
Online Access:	http://hdl.handle.net/10986/33555

id	okr-10986-33555
recordtype	oai_dc
spelling	okr-10986-335552021-04-23T14:05:20Z The Economy in the Time of Covid-19 World Bank CORONAVIRUS COVID-19 ECONOMIC GROWTH INCOME INEQUALITY LABOR MARKET LABOR FORCE PARTICIPATION RECESSION ECONOMIC SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT PANDEMIC POLICY RESPONSE PANDEMIC After a period of rapid economic growth associated with high commodity prices, the region had entered a phase of lackluster performance. Recent developments, including a new oil price shock, and the outbreak of the Covid-19 epidemic will push the region into recession. Many countries are struggling to contain the spread of the Covid-19 epidemic while avoiding a dramatic decline in economic activity. The report analyzes how to think about this tradeoff. It estimates the potential health costs, assesses the effectiveness of diverse containment strategies, and discusses how large the economic cost could be. The current crisis is unprecedented because it combines a fall in global demand, tighter financial conditions and a major supply shock. The response needs to consider how to socialize the losses, how to prevent a collapse of the financial sector, how to protect jobs and livelihoods, and how to manage and divest the assets that will inevitably end up in the hands of the state. 2020-04-09T18:16:59Z 2020-04-09T18:16:59Z 2020-04-12 Serial 978-1-4648-1570-6 http://hdl.handle.net/10986/33555 LAC Semiannual Report;April 2020 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research Latin America & Caribbean Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	CORONAVIRUS COVID-19 ECONOMIC GROWTH INCOME INEQUALITY LABOR MARKET LABOR FORCE PARTICIPATION RECESSION ECONOMIC SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT PANDEMIC POLICY RESPONSE PANDEMIC
spellingShingle	CORONAVIRUS COVID-19 ECONOMIC GROWTH INCOME INEQUALITY LABOR MARKET LABOR FORCE PARTICIPATION RECESSION ECONOMIC SLOWDOWN ELASTICITY INEQUALITY TERMS OF TRADE UNEMPLOYMENT PANDEMIC POLICY RESPONSE PANDEMIC World Bank The Economy in the Time of Covid-19
geographic_facet	Latin America & Caribbean Caribbean Latin America
relation	LAC Semiannual Report;April 2020
description	After a period of rapid economic growth associated with high commodity prices, the region had entered a phase of lackluster performance. Recent developments, including a new oil price shock, and the outbreak of the Covid-19 epidemic will push the region into recession. Many countries are struggling to contain the spread of the Covid-19 epidemic while avoiding a dramatic decline in economic activity. The report analyzes how to think about this tradeoff. It estimates the potential health costs, assesses the effectiveness of diverse containment strategies, and discusses how large the economic cost could be. The current crisis is unprecedented because it combines a fall in global demand, tighter financial conditions and a major supply shock. The response needs to consider how to socialize the losses, how to prevent a collapse of the financial sector, how to protect jobs and livelihoods, and how to manage and divest the assets that will inevitably end up in the hands of the state.
format	Serial
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	The Economy in the Time of Covid-19
title_short	The Economy in the Time of Covid-19
title_full	The Economy in the Time of Covid-19
title_fullStr	The Economy in the Time of Covid-19
title_full_unstemmed	The Economy in the Time of Covid-19
title_sort	economy in the time of covid-19
publisher	Washington, DC: World Bank
publishDate	2020
url	http://hdl.handle.net/10986/33555
_version_	1764479052752617472

The Economy in the Time of Covid-19

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