Publicaciones CEIUC

Political Economy Dynamics in the Era of COVID Uncertainty

China-U.S. Trade War, Brexit, the end of the Oil price boom, and now, COVID-19. How is Latin America facing this new unprecedented crisis? As a recent publication of  Baldwin and Weder di Mauro shows, COVID-19 is a far greater challenge than any other pandemics, including the Spanish flu, which spread across Europe 100 years ago and took the lives of an estimated 20 million to 50 million victims. The effect of COVID-19 will be far worse on the economy than the Spanish flu. Unlike in the Spanish flu, nowadays economic movement is driven by in-person services, hospitality, and globalized supply chains. All these sectors are greatly affected by the coronavirus outbreak.