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Preliminary Overview of the Economies of Latin America and the Caribbean

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Includes official figures from Latin America and the Caribbean up to 30 November of each year, an analysis of the region’s economic performance over the current year and projections for the coming months, on the basis of data provided by the region’s central banks and national statistical offices.

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Preliminary Overview of the Economies of Latin America and the Caribbean 2020

Preliminary Overview of the Economies of Latin America and the Caribbean 2020

In its Preliminary Overview of the Economies of the region, ECLAC forecasts an average contraction of -7.7% for 2020 – the largest in 120 years – and a rebound of 3.7% in 2021. In a context of global contraction, Latin America and the Caribbean is the region in the developing world that has been hardest hit by the crisis stemming from COVID-19. In the decade prior to the pandemic, the region was on a low-growth trajectory, and in 2020 it faces an unprecedented combination of negative supply and demand shocks, which is translating into the worst economic crisis in the...

NU. CEPAL February 2021
9789211220575
LC/PUB.2020/17-P/Rev.1
155 p.