COVID-19 cost Latin America and the Caribbean 1.5 million jobs. Here’s how to recover them

Jul 1, 2021

Workers make face masks at a local clothing manufacturer after it switched part of its production from clothing exports to making protective masks, amidst the coronavirus disease (COVID-19) outbreak, in Port-au-Prince, Haiti April 21, 2020. REUTERS/Jeanty Junior Augustin - RC2A9G9H7NK6

On average, after three years, a major regional crisis can cause a net loss of 1.5 million jobs. Image: REUTERS/Jeanty Junior Augustin

Carlos Felipe Jaramillo

Vice President for the Latin America and the Caribbean Region, World Bank

Joana Silva

Senior Economist, World Bank Blogs

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Economic crisis pushes many workers into the informal labour market.

Economic crisis pushes many workers into the informal labour market. Image: World Bank

Persistent employment loss following crisis.

Persistent employment losses following crises happy all over the world. Image: World Bank

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