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Measuring the impact of COVID-19 with a view to reactivation

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  • ECLAC

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Abstract

The aim of this second Special Report is to quantify the economic impact of the pandemic in the short and medium term. With regard the short term —during the course of 2020— estimates shed light on the dynamics of production, employment, poverty and income distribution, based on data available at 17 April 2020, for all the subregions of Latin America and the Caribbean and many of their economies. The report also provides details of the main macroeconomic policy measures to tackle the effects of the pandemic that have been announced to date. Quantifying the decline in economic activity enables authorities to determine the magnitude of the effort required for a return to normal. However, this return to normal will not and should not mean going back to the way things were before the pandemic. The medium-term vision that concludes this report describes the structural changes in the organization of production that are already under way and are expected to gather pace. There will also be impacts —in some cases irreversible— on the labour structure, employment and well-being. Quantitative estimates for the short term, combined with forecasts of the main qualitative changes in the medium term, will shape what will becomea new normal.

Suggested Citation

  • -, 2020. "Measuring the impact of COVID-19 with a view to reactivation," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 45477 edited by Eclac, March.
    • Handle: RePEc:ecr:col016:45477
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    File URL: http://repositorio.cepal.org/handle/11362/45477
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    Cited by:

    1. Rajneesh Narula, 2020. "Policy opportunities and challenges from the COVID-19 pandemic for economies with large informal sectors," Journal of International Business Policy, Palgrave Macmillan, vol. 3(3), pages 302-310, September.
    2. Diosey Ramon Lugo-Morin, 2021. "Global Mapping of Indigenous Resilience Facing the Challenge of the COVID-19 Pandemic," Challenges, MDPI, vol. 12(1), pages 1-23, May.
    3. Muller, Seán M., 2021. "The dangers of performative scientism as the alternative to anti-scientific policymaking: A critical, preliminary assessment of South Africa’s Covid-19 response and its consequences," World Development, Elsevier, vol. 140(C).
    4. Rajneesh Narula, 0. "Policy opportunities and challenges from the COVID-19 pandemic for economies with large informal sectors," Journal of International Business Policy, Palgrave Macmillan, vol. 0, pages 1-9.
    5. Srisathan, Wutthiya A. & Naruetharadhol, Phaninee, 2022. "A COVID-19 disruption: The great acceleration of digitally planned and transformed behaviors in Thailand," Technology in Society, Elsevier, vol. 68(C).
    6. Kapasia, Nanigopal & Paul, Pintu & Roy, Avijit & Saha, Jay & Zaveri, Ankita & Mallick, Rahul & Barman, Bikash & Das, Prabir & Chouhan, Pradip, 2020. "Impact of lockdown on learning status of undergraduate and postgraduate students during COVID-19 pandemic in West Bengal, India," Children and Youth Services Review, Elsevier, vol. 116(C).
    7. Li, Xuelian & Lin, Panpan & Lin, Jyh-Horng, 2020. "COVID-19, insurer board utility, and capital regulation," Finance Research Letters, Elsevier, vol. 36(C).
    8. Tian, Jinfang & Yu, Longguang & Xue, Rui & Zhuang, Shan & Shan, Yuli, 2022. "Global low-carbon energy transition in the post-COVID-19 era," Applied Energy, Elsevier, vol. 307(C).

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