Covid and Inequality in Emerging Economies

The coronavirus pandemic is having a severe impact on emerging economies, causing many of those countries to explore the possibility of obtaining financial assistance from the International Monetary Fund or expanding that which they already have in place. In your video presentation,evaluate the impacts of the Covid-19 global pandemic in Colombia.

• Start with a discussion on how the pandemic may have affected the economic growth of the country and its associated macro-economic variables like the GDP, unemployment and inflation rates. Support your discussion with the use of the relevant data.

• Then, present an analysis on how the pandemic may have worsened the stage of inequality in the country. Incorporate relevant data about the recent trend of the Gini coefficient in the country to support your analysis.

• Discuss two relevant policies which have been and/or would need to be implemented by the government and/or other institutions to reduce the problems of inequality in Colombia.