COVID 19: Socioeconomic Implications on Suriname

As of May 5, the Surinamese authorities confirmed a total of 10 COVID-19 cases, including 1 COVID-19 related death and 9 people who have recovered. Sixty-nine people are in quarantine. The country confirmed its first imported COVID-19 case on March 13, 2020. The authorities acted swiftly to contain further importation of the virus by closing all bordersland, sea, and airindefinitely. The authorities also limited social gatherings, closed all schools and universities, and restricted in-restaurant and bar dining services to prevent community spread. While these measures would have contributed to “flattening the curve,” they are having adverse socioeconomic implications. This note examines the forecasted macroeconomic impact and the vulnerability of households and firms to the ongoing shock.