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Sunday, 28 February 2021

Pandemic to provoke worst ever recession in LatAm: UN

AFP , Tuesday 21 Apr 2020
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Latin America is set for its worst ever recession with a fall in GDP of 5.3 percent in 2020 due to the coronavirus pandemic, a UN body said Tuesday.

The United Nations Economic Commission for Latin America and the Caribbean said the last time the region had seen "a contraction of a comparable magnitude, you need to go back to the Great Depression of 1930 (-5%), or even further to 1914 (-4.9%)" and the start of World War I.

 

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