June 18, 2021
Economy

Covid-19 has impacted Latin American economy and society severely

A UNECLAC report (March 2021) stated that 22 million more people fell into poverty with increasing unemployment in the region.

After more than a year of the Covid-19 pandemic, it is well established that the dearth of effective pharmaceutical treatment has overwhelmed national healthcare systems. Hence, governments have had to authorize non-pharmaceutical interventions (NPIs) such as lockdowns and restrictions in movement to contain its spread. There is still a lot of ambiguity and lack of clarity about the the dynamics of Covid-19. Studies, however, indicate that non-pharmaceutical interventions have been necessary but have had at the same time, adverse socio-economic impact.
In Latin America, Brazil was the first country in the region on February 25, 2020, to report the disease in Sao Paulo, followed by Ecuador on 29 February. By mid-April 2020, more than…

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