In a prolonged recession from the coronavirus, The Bahamas could see job losses of -26.9% and Jamaica -24.8%. While in Guyana, Suriname and Trinidad and Tobago, their jobs could shrink by -16.7%, -14.5% and -10.5% respectively. COVID-19’s impact on the world's labor markets is unprecedented. In the United States, 16.8 million people applied for unemployment benefits over … [Read more...] about What effects will COVID-19 have on employment in Latin America and the Caribbean?
The Caribbean continues to be be generally perceived as a region of predominantly young people, but, just like in the rest of the Americas, it is rapidly aging. Due to demographic changes, adults aged 65 and over will comprise one fifth of the Caribbean region's population by the year 2050. This transition will take place in a very short period, as shown in the following graph. … [Read more...] about Are Caribbean Countries prepared to address their need for pension systems reform?