COVID-19 in LAC : High Frequency Phone Surveys - Technical Note

Latin American and the Caribbean is one of the regions in the world most affected by the COVID-19 pandemic, and the welfare impacts for households have been severe. At the macroeconomic level, the World Bank estimates a contraction of 6.9 percent o...

Full description

Bibliographic Details
Main Authors: Mejía-Mantilla, Carolina, Olivieri, Sergio, Rivadeneira, Ana, Lara Ibarra, Gabriel, Romero, Javier
Format: Brief
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/398561623118610692/COVID-19-in-LAC-High-Frequency-Phone-Surveys-Technical-Note
http://hdl.handle.net/10986/35902
Description
Summary:Latin American and the Caribbean is one of the regions in the world most affected by the COVID-19 pandemic, and the welfare impacts for households have been severe. At the macroeconomic level, the World Bank estimates a contraction of 6.9 percent of the region’s GDP in 2020, due to pandemic-control measures and the deceleration of the global economy (World Bank, 2021). Regional export prices significantly dropped in the first semester of 2020 (5.2 percent) (Inter-American Development Bank, 2020), and although they began to recover in the second half of the year, the volume of goods-exports dropped by 8 points by the third quarter of 2020 (World Bank, 2021).