Published on Tuesday, March 23, 2021

Colombia | Lessons from the pandemic to economists

The pandemic has generated challenges and changes to the work of economists. In this process, it has become more necessary than ever to be analytical, to innovate strategies, to go back in time and to look for new scenarios within and outside the discipline in order to provide possible answers to uncertainty.

Key points

  • Key points:
  • It has become more important to have the capacity for analysis, to go back in time and look for historical episodes that provide lessons and possible answers.
  • Health issues, new diseases and pandemics are factors to be included in the daily analysis of economies.
  • This process also challenged to find new sources of information and estimation, mainly a more intensive use of real-time indicators of consumption, investment, employment, and confidence, among others.
  • The analysis must be prepared to include the exposure of economies, such as Colombia's, to the world, beyond the financial, services and goods markets.
  • New discussion scenarios should be sought within the discipline and interdisciplinarity to help better understand what is happening and the future.

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