Table 2.
Additional Shocks to the Rest of the Economy (Percent Change)
| Nonagricultural production | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Natual resources | Energy/mines | Clothing | Labor manufacturing | Capital manufacturing | Services | Nonagricultural trade | Unemployment | Productivity | |
| Argentina | ‐16.3 | ‐25.9 | ‐16.3 | ‐16.3 | ‐17.1 | ‐15.4 | ‐22.5 | 1.2 | ‐1.6 |
| Australia | ‐4.9 | ‐18.8 | ‐3.8 | ‐4.7 | ‐1.0 | ‐4.6 | ‐9.4 | 1.6 | ‐2.0 |
| Brazil | ‐8.9 | ‐15.3 | ‐9.3 | ‐9.1 | ‐9.0 | ‐7.1 | ‐17.3 | 1.5 | ‐6.7 |
| Canada | ‐9.5 | ‐23.9 | ‐6.2 | ‐9.2 | ‐9.5 | ‐6.2 | ‐15.0 | 3.3 | ‐1.4 |
| Central America & Caribbean | ‐9.11 | ‐22.61 | ‐11.41 | ‐10.21 | ‐11.71 | ‐10.01 | ‐17.5 | 7.5 | 4.01 |
| Sub‐Saharan Africa | ‐5.9 | ‐20.9 | ‐6.1 | ‐6.0 | ‐7.7 | ‐6.8 | ‐21.7 | 8.3 | 1.4 |
| China | ‐2.4 | ‐7.2 | ‐2.5 | ‐2.5 | ‐1.8 | ‐0.7 | ‐4.1 | 0.2 | 1.5 |
| Europe | ‐8.6 | ‐20.5 | ‐12.1 | ‐9.9 | ‐8.5 | ‐7.0 | ‐12.3 | 1.1 | ‐5.6 |
| Former Soviet Union | ‐7.7 | ‐15.0 | ‐7.4 | ‐7.6 | ‐10.4 | ‐6.1 | ‐11.4 | 2.0 | ‐3.1 |
| India | ‐17.1 | ‐27.1 | ‐20.4 | ‐19.3 | ‐18.7 | ‐16.5 | ‐28.9 | 0.12 | ‐12.3 |
| Japan | ‐7.4 | ‐12.3 | ‐5.7 | ‐7.0 | ‐10.7 | ‐3.0 | ‐14.3 | 0.8 | ‐5.1 |
| Middle East & North Africa | ‐7.0 | ‐21.0 | ‐5.5 | ‐5.9 | ‐6.2 | ‐6.0 | ‐2.0 | 1.2 | ‐2.1 |
| Mexico | ‐3.9 | ‐32.4 | ‐10.2 | ‐7.3 | ‐12.6 | ‐9.3 | ‐18.9 | 1.8 | ‐10.7 |
| Other Asia | ‐5.7 | ‐17.4 | ‐5.5 | ‐5.6 | ‐4.6 | ‐4.4 | ‐8.7 | 1.2 | ‐2.9 |
| Rest of Southern Hemisphere | ‐7.2 | ‐16.7 | ‐9.9 | ‐8.2 | ‐8.0 | ‐8.1 | ‐21.6 | 2.8 | 6.0 |
| USA | ‐5.0 | ‐20.3 | ‐7.1 | ‐5.5 | ‐7.3 | ‐2.7 | ‐10.3 | 4.9 | 2.6 |
Note: This table describes the percentage change in 2020 compared to 2019 across regions for nonagricultural production, nonagricultural trade, unemployment, and productivity. The values are imposed as exogenous shocks in the CGE model to simulate region‐specific changes for each variable. Superscript 1 indicates an average of Latin American countries is used; superscript 2 denotes numbers from ILO (2020) are used.