<p><img loading="lazy" decoding="async" class="alignright wp-image-38780 size-full" src="https://strapi-fontagro.nyc3.cdn.digitaloceanspaces.com/legacy/10249-1.png" alt="" width="252" height="360" srcset="https://strapi-fontagro.nyc3.cdn.digitaloceanspaces.com/legacy/10249-1.png 252w, https://fontagro.org/wp-content/uploads/2020/04/10249-1-210x300.png 210w" sizes="auto, (max-width: 252px) 100vw, 252px" />The novel coronavirus is taking a huge toll across the world, and governments in Latin America and the Caribbean are right to take aggressive measures to save lives. Within a matter of weeks, the macroeconomic outlook for the region has changed dramatically. Financing costs have risen, commodities fallen, and large losses of GDP now seem unavoidable. However, the self-imposed partial closure of the economy is anything but a normal recession, and typical countercyclical demand management, both fiscal and monetary, is likely to be inconducive. The 2020 Latin American and Caribbean Macroeconomic Report provides a diagnosis of this rapidly changing environment and proposes policy recommendations aimed to bring relief, maintain economic stability, and keep the core of the economy intact.</p> <div class="field field--name-field-author field--type-entity-reference field--label-inline"> <div class="field__item">Author: Nuguer, Victoria; Powell, Andrew</div> </div> <div class="field field--name-field-date-issued-text field--type-datetime field--label-inline"> <div class="field__label">Date: Apr 2020</div> <div><a href="https://publications.iadb.org/en/2020-latin-american-and-caribbean-macroeconomic-report-policies-fight-pandemic">Download link</a></div> </div> <p>&nbsp;</p>