Economics
Fragile Latin America Faces Another Lost Decade, and Maybe Worse
- Latin America is uniquely vulnerable after years of upheaval
- Per-capita income won’t regain 2015 level before 2025: IMF
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Latin America’s economy was already going backward when the coronavirus hit. Now it’s at risk of losing a whole decade –- and pushing fragile democracies closer to their breaking points.
Like most of the world, the region is bracing for the deepest recession in its modern history. Bank of America expects a 4.4% slump in output this year as the epidemic spreads.