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
Social Systems
What effects will COVID-19 have on employment in Latin America and the Caribbean?
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?
How to Overcome the Hit and Go Beyond: Work After COVID-19
International Workers' Day comes this year in exceptionally difficult circumstances. This day, usually of vindication and reflection, is wrapped this 2020 in a context that nobody would have been able to anticipate just a few months ago. The global crisis caused by the COVID-19 pandemic has drenched the daily lives of millions of people worldwide. And the region, of course, is … [Read more...] about How to Overcome the Hit and Go Beyond: Work After COVID-19
HOME NOT SO SWEET IN TIMES OF COVID19
THE SITUATION Most countries worldwide have adopted public health measures to minimize the risk of contagion and spread of COVID-19. For the Caribbean, many of these measures include “stay at home” orders and the closure of entertainment and relaxation venues such as bars and beaches. And while these measures are needed to stop the spread of COVID-19, the quarantines can … [Read more...] about HOME NOT SO SWEET IN TIMES OF COVID19
COVID-19: Tourism-Based Shock Scenarios for Caribbean Countries
The COVID-19 outbreak could have considerable implications for Caribbean citizens and their economies. The magnitude of this impact will depend crucially on the spread of the virus, the duration of the outbreak, and measures countries in the region and elsewhere undertake to insulate themselves. It will also have much to do with country economic structures—particularly tourism … [Read more...] about COVID-19: Tourism-Based Shock Scenarios for Caribbean Countries