ECONOMIC RESILIENCE IN LATIN AMERICA: FEATURES AND PERFORMANCE FOR SELECTED COUNTRIES IN FACE OF COVID-19

Abstract

The COVID-19 pandemic poses unprecedented health, economic, financial and institutional stability challenges for the world. Especially in Latin American countries the consequences will deepen existing inequalities. The objective of this article is to identify the capacity of economic resilience for selected countries in Latin America. Adopting a multivariate method, we identify three main characteristics of resilience. The paper suggests that the coordination capacity of governments may appear in various instances, mainly in the flexibility of economic policies and the support for social structure to minimize the impacts on income, inequality and health measures.