How do you evaluate the BSP’s ability to help mitigate the economic challenges of the pandemic and facilitate recovery?
How do you evaluate the BSP’s ability to help mitigate the economic challenges of the pandemic and facilitate recovery?
The coronavirus pandemic has exposed the potential vulnerability of the world’s food supply chains. This is galvanising governments in emerging economies to boost domestic production through new agricultural inputs and investment in agri-tech and logistics networks.
Earlier this year, Trinidad and Tobago was looking relatively resistant to the worst effects of the coronavirus pandemic. However, given that oil and tourism are two of the main contributors to GDP – with a 45% and 7.6% share, respectively, in 2018 – T&T is beginning to feel the economic pinch. In response, policymakers have deployed a variety of fiscal and monetary policy tools, supported by the country's banks.
To assist the government’s financial response to the coronavirus pandemic, Indonesia’s central bank is set to purchase $40bn in sovereign bonds as part of a debt monetisation programme – a strategy seldom used by emerging markets that could have wider implications for the region.
Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampen growth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting competition among mortgage lenders.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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