TABLE 1.

Macroeconomic impacts of MIRAGRODEP‐COVID 19 scenario (April 2020) by country and country group, 2020

	((Percentage change from previous year)
	Real household consumption	Real GDP	Agri‐food GDP	Exports	Agri‐food Exports
World	−1.0	−5.1	−1.8	−17.9	−24.8
Developed countries	−0.2	−6.2	−3.1	−19.3	−20.3
United States and Canada	2.0	−5.8	−4.7	−21.5	−29.8
EU	−3.4	−7.6	−2.8	−40.5	−27.5
Developing countries	−2.5	−3.6	+0.1	−16.0	−30.5
Africa South of Sahara	−3.2	−8.9	3.9	−31.2	−20.7
North Africa & Middle East	−4.0	−6.4	1.1	−28.6	−34.6
Asia (ex. Central Asia)	−3.9	−4.6	−1.4	−23.3	−31.0
East Asia
China	−4.2	−4.5	−1.7	−21.8	−29.2
South Asia	−3.7	−5.0	−2.0	−22.9	−30.7
India	−3.9	−5.9	−2.2	−21.8	−30.8
South‐East Asia	−4.2	−7.0	−2.8	−23.9	−31.9
Central Asia	−4.1	−9.9	2.0	−21.6	−8.3
Latin America & Caribbean	−4.4	−5.9	−3.9	−27.5	−28.5
Central America	−6.2	−8.7	−5.7	−20.2	−30.7
Rest of LAC	−4.4	−5.7	−3.9	−27.5	−28.2

Source: MIRAGRODEP Simulation.

Note: Regions in bold aggregated results computed postsimulations, weighted by the relevant country‐level variable. Details for rich countries are omitted. Real consumption is limited to household private consumption and defined as the equivalent variation (welfare).

Note: Regions in bold aggregated results computed postsimulations, weighted by the relevant country‐level variable. Real household consumption is measured as the “equivalent variation” of welfare. Real GDP is computed following national accounting principles. Fisher price indices between base prices and simulation prices are used. Exports of goods and services are measured FOB at constant international dollars but final export prices.

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