Effects of COVID-19 On Exports and Port Movements in Latin America and the Caribbean
In the last few months, the world has witnessed and continue to witness a drastic change in our daily lives, which has also caused great impacts on business, trade, and shipping. The outbreak of a pandemic changed all economic and trade expectations for 2020. From a forecast of 3.6% growth in container trade worldwide in the last quarter of 2019, to 2.5% in January 2020, new projections have lowered down expectations to -4.9%. This drop is partially explained, apart from the pandemic, by the continuing increase of blank sails[1] and labour restrictions. Several countries have been implementing…