Latin America and the Caribbean suffered the largest death toll from Covid‐19 across developing regions and the sharpest decline in economic activity. With fewer school days and lower employment rates, with higher public debt and more firms under stress, the effects could be long‐lasting. The crisis also triggered large‐scale economic restructuring, with productivity higher in the expanding than in the contracting sectors. Accelerated digitization could instill dynamism in finance, trade and labor markets, but it may amplify inequality within and across the countries in the region. Technology could transform the energy sector as well. Latin America and the Caribbean has the cleanest and potentially cheapest electricity generation matrix of all developing regions. But its electricity is the most expensive, due mainly to inefficiencies. Distributed generation within countries and electricity trade across countries, could make energy greener and cheaper, provided that the pricing is right.
Information
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Auteur
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Date du document
2021/04/11
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Type de document
Publication
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Numéro du rapport
157783
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Volume
1
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Total Volume(s)
1
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Pays
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Région
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Date de publication
2021/04/12
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Disclosure Status
Disclosed
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Titre du rapport
Renewing with Growth : Semiannual Report of the Latin America and Caribbean Region
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Mots clé
trade and investment; excess mortality; access to international capital markets; death toll; access to capital market; first year; exercise of market power; total number of death; trade in goods; Poverty and Equity; Oil & Gas; Oil and Gas; low interest rate; increase in mortality; social transfer; cost of living; world war ii; stock market index; international finance statistic; provision of liquidity; average interest rate; domestic stock market; commodity price index; home entertainment systems; state-owned utility; state-owned utilities; decline in poverty; cross-border electricity trade; online communication; household survey data; access to water; access to broadband; loss of life; causes of mortality; privileges and immunity; cost generation; loose monetary policy; creditworthiness of country; demand for labor; family back home; several other countries; increase in remittance; unemployment rate; advanced economy; living standard; million people; social distance; social impact; fiscal space; policy stance; fiscal deficit; stimulus package; monetary base; Financial Sector; International Trade; economic crisis; social cost; loan guarantee; several countries; personal service; regulatory forbearance; budget deficit; financial crisis; social term; health systems; healthcare system; electronic platform; public debt; heavy reliance; Economic Policy; debt issuance; satellite imagery; labor supply; poverty impact; limited capacity; mining product; global trade; external environment; distributed generation; Haver Analytics; pandemic start; cheap electricity; financial market; fiscal policy; human capital; Fiscal policies; generation cost; agricultural product; electricity price; carbon tax; country risk; risk premium; renewable source; Health policies; social unrest; air travel; accurate assessment; energy subsidies; ethnic background; several months; fatality rate; installed capacity; government capacity; statistical regularity; young population; peak demand; electricity production; Traffic Accident; seasonal flu; mortality data; annual deaths; technology startups; electricity bill; health status; electricity tariff; electricity system; commercial loss; market competition; high mortality; power outage; solar panel; small island; power sources; rural area; fuel oil; global demand; Trade Logistics; market valuation; capital outflow; share price; countries exports; protective gear; global merchandise; trade tensions; passenger travel; heavily dependent; economic sector; daily flights; individual mobility; domestic debt; bond issuance; banking crisis; Bank Credit; rising inflation; economic shock; political crisis; government bond; supply shock; fiscal stance; international market; food retail; international migrant; andean countries; metal price; agricultural sector; time-series analysis; Poverty Measurement; standard approach; national indicator; popular support; take time; Health cost; domestic factor; affected country; oil discovery; social outcome; time profile; spatial patterns; Death rates; financial crunch; aggregate demand; program account; mitigation measure; daily income; vulnerable group; emergency measure; simple regression; labor earning; job loss; individual household; measurement challenges; previous crisis; poverty estimate; telephone surveys; safe vaccine; full employment; aggregate productivity; long-term impact; contingent liabilities; contingent liability; electricity sector; work experience; administrative support; labor demand; high frequency; satellite data; calendar year; effective vaccines; international travel; economic recovery; macroeconomic model; big data; real time; financial service; global economy; copyright owner; original work; important share; job opportunity; job opportunities; commercial purpose
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