Effects of the COVID-19 pandemic on the Bolivian economy
DOI:
https://doi.org/10.35319/lajed.202340275Keywords:
Covid-19, prediction models, government actions, economic costs, recoveryAbstract
The pandemic of COVID-19 was the most important adverse exogenous shock in the recent history of Bolivia. It appeared when the country was already experiencing severe economic and political difficulties, bearing on the responses to the shock. The authorities faced the difficult trade-off between prioritizing the health of the population and extremely high economic costs of containing the propagation of the disease. The early and reaction to enact a strict lockdown, partially respected by the population. Overtime the lockdowns were relaxed. Together with the lockdown other non-pharmaceutical measures (NPM) were implemented. Vaccination started in February 2021. Notwithstanding the haphazard way in which it was done, a significant sanitary progress was achieved. The national effort to check the pandemic was huge. The situation improved substantially in 2021, from both a sanitary viewpoint as well as from an economic angle.
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