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21 April 2020 | Press Release

COVID-19 Pandemic Will Lead to the Biggest Contraction in Economic Activity in the Region’s History: A -5.3% Drop in 2020

ECLAC released new growth projections for Latin American and Caribbean countries. It underscores that in the medium term, this crisis will provoke structural changes in the organization of production, international trade, and the current globalization model.
3 April 2020 | Press Release

The Only Strategic Option in the Medium Term to Mitigate COVID-19’s Effects in the Region is to Move Towards a New Development Model through Greater Integration
A new report by ECLAC warns that the crisis unleashed by the coronavirus illness could lead to a contraction of at least -1.8% in Latin America and the Caribbean’s GDP in 2020.