Latin America and the Caribbean after Covid-19 | VOX, CEPR Policy Portal
Andrew Powell, José Juan Ruiz Gómez There appears to be no real trade-off between growth rates in 2020 and deaths due to Covid-19 in the same year. Countries that suffered more deaths tended to have lower growth and vice versa (see Figure 1). Unfortunately, many countries in Latin America and the Caribbean are located in the wrong sector of the graph. The region has only 8% of the global population but accounts for more than 25% of deaths and lost an estimated 7.0% of GDP, the largest loss in a single year since the struggle for independence 200 years ago. 1 Source: Cavallo and Powell (2021...
Source: voxeu.org