Colombia’s Way Out of the Crisis
Colombia’s Way Out of the Crisis
Fighting this crisis will take big structural reforms. The fiscal balance must take a back seat.
BOGOTÁ - Projections are somber: An economic contraction not seen for at least a century, unemployment rising to 20% and poverty rates surpassing 30%, reversing decades of economic and social progress The scenario for Colombia - and Latin America - is probably the most challenging our generation has faced But there are ways to mitigate these effects through fiscal policy and long overdue economic reforms The expansion of COVID-19 has negatively affected lives and livelihoods But it has done so in an unequal way, hurting the poor and those more likely to return to poverty the most This is...
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