Colombia, Chile and Peru: Combating the economic consequences of Covid
Covid-19 may have reached Latin America later than other world regions but its effects have been no less dramatic – in terms of fatalities and economic fallout. Recent IMF estimates suggest that Latin America’s overall GDP will decline by more than 8.5% in 2020 as a result of the pandemic. The picture in individual countries is mixed – reflecting their different monetary and fiscal responses to the crisis. In a special edition of Infocus, EFG economist Joaquin Thul looks at three Andean nations – Colombia, Chile and Peru – and compares how they have reacted to the economic shockwaves caused by corona.
