OBELA Analysis
Covid-19 in the world economy: momentum and retreat
The growth forecasts for the world economy at the beginning of the year were optimistic. At the end of June, world production is projected to be -4.9% (IMF) -5.2% (World Bank) and -6% (OECD). According to the president of the World Bank, Malpass, the year 2020 is the worst in terms of growth since the crisis of 1929 and possibly since the long depression of 1872. The impact on growth dynamics has been global. However, the experience of the pandemic in emerging economies is far from that of advanced economies. The question is why Governments with greater fiscal and monetary capacity to implement counter-cyclical policies have similar growth outcomes. The challenges are to generate an economic renaissance that promotes employment, sustainable agriculture, shortening global value chains, increasing the use of renewable energy and discovering a vaccine and treatment that are universal and free. Key words:
Theme of reaserch: Crisis económica |
The United States and the finances of the pandemic
During the pandemic, the United States and its institutions have taken measures that have had an impact on providing liquidity to the international system. In Latin America these have come through the IMF but also through agreements with the US central bank (FED). Key words:
Theme of reaserch: Crisis económica |
Food security and loss of income
The food picture is complicated for much of the world, especially for vulnerable countries, by two particular factors: the fall in population income that the pandemic has produced and the confinement of the world's economies. Key words:
Theme of reaserch: Crisis económica |