- Datum: 14.04.2020
- Category:Berichte & Analysen
The World Bank: The economy in the time of Covid-19
Im Bericht der Weltbank zu Lateinamerika und der Karibik in Zeiten von Covid-19 werden die wirtschaftlichen Aussichten der Region und die…
Im Bericht der Weltbank zu Lateinamerika und der Karibik in Zeiten von Covid-19 werden die wirtschaftlichen Aussichten der Region und die Auswirkungen auf das Gesundheitssystem betrachtet und erklärt:
“It is still too early to tell how large the health costs will be for countries in the Latin American region. But there is little doubt that the economic impact will be considerable. Developing countries will be affected through three main channels. First is the direct effect of containment measures on the output of many industries such as travel and entertainment, and restrictions on social contact force some people to work from home or to not work at all. Second is a terms of trade effect, as many commodity producers will experience a sharp fall in the price of their exports. And third, there will be a global liquidity shock as portfolios will be restructured from riskier assets to safer, liquid assets. For developing countries this implies capital outflows, an increase in their cost of funding, and a drop in the value of their currencies.”
The report can be found here.