Monday, October 5, 2020
The health crisis, national lockdowns and a global recession have combined to create a difficult environment in Latin America, while governments’ responses to the pandemic have been uneven. The region is once again repeating its history of boom-and-bust cycles and risks experiencing a lost decade similar to the 1980s.
- Income polarisation will increase, with a simultaneous rise in poverty and concentration of wealth at the top.
- Regional collaboration is unlikely due to lack of political leadership and ideological differences.
- While a Biden presidency might take a more cooperative line, Latin America will receive little US attention whatever the election outcome.