The Caribbean faces an historic economic emergency with total tourism collapse, WTI oil prices briefly going negative on April 20, and GDP forecast to contract 10-15%. All property transactions are frozen as governments scramble with emergency food security and worker support.

The COVID-19 pandemic has transformed the Caribbean overnight. Borders are closing, hotels emptying, and tourism — the lifeblood of most island economies — has ground to a halt. Emergency measures are racing to protect workers and property markets.

The WHO declared COVID-19 a pandemic on March 11, transforming the Caribbean overnight. Borders have closed across the region, hotels are emptying, and governments are scrambling to implement emergency fiscal measures as the tourism industry faces an unprecedented crisis.