The COVID-19 pandemic has had a negative impact on Barbadians and has highlighted important traits about financial vulnerability and resilience. The restrictions in movement across and within national borders in response to the public health crisis have struck a hard blow to economic activity in Barbados. Because Barbados’s economy is small and based on tourism, this has … [Read more...] about Understanding Financial Vulnerability and Promoting Resilience in Barbados during COVID-19
The Inter-American Development Bank’s (IDB) Caribbean Department has published its most recent Caribbean Quarterly Bulletin focused on the evolving economic and human consequences of the COVID-19 outbreak for the region. This edition builds on work outlined in the previous edition, while taking a deeper look at: (i) the evolution of the virus, preventative measures, … [Read more...] about The Pandemic Saga Continues: Caribbean Quarterly Bulletin
The declaration of COVID- 19 by the World Health Organisation as a global pandemic has plunged the world in unchartered waters. It has afflicted over 8 million people in 213 countries, left over 425,000 dead, millions unemployed, overwhelmed hospitals, broken supply chains and deflated critical sectors such as tourism, energy and agriculture. Crisis communications done … [Read more...] about Covid-19: 11 Key Lessons in Crisis Communications
COVID-19 is taking an unprecedented (albeit still unknown) toll on Caribbean region’s economic growth. According to the recently published Caribbean Quarterly Bulletin, the decline in the tourism industry will particularly affect The Bahamas, Barbados and Jamaica. Plummeting international commodity prices are having severe consequences in Guyana, Suriname and Trinidad and … [Read more...] about COVID-19, The Caribbean Crisis
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 … [Read more...] about What effects will COVID-19 have on employment in Latin America and the Caribbean?