The costly health outcomes from Covid-19 in Latin America were predictable. More difficult to forecast is the medium- and long-term economic fallout from the virus. How fast can countries recover, and which ones will make the right policy choices to hasten the return to growth?
On this score Uruguay merits attention. It has a small, homogeneous and low-density population of 3.5 million. So its containment of the virus, with fewer than 1,500 reported infections and around 35 deaths, cannot be entirely chalked up to genius….