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ARGENTINA: Bleak forecasts may prove over-optimistic
LATIN AMERICA: New forecasts predict deeper recession
The bill forecasts a fall in the primary deficit next year, mainly due to an expected drop in COVID-19-related welfare payments. The government also aims to boost public works to…
It forecasts that although activity will contract this year, growth in 2021 will be stronger than expected before the pandemic.
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DOI: 10.1108/OXAN-DB251802
ISSN: 2633-304X
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The OECD similarly raised its forecast for Colombia this month to 9.5%, from 7.6% previously. The optimism follows impressive growth of 17.6% and 13.2% year-on-year in the second…
Both the IMF and the UN Economic Commission for Latin America and the Caribbean forecast growth of 2.0% this year, driven by tourism. Tourism accounts indirectly for almost 40% of…
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DOI: 10.1108/OXAN-DB275764
ISSN: 2633-304X
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Topical
Money transfers to the top recipient country, Mexico, have thus far held up particularly well, with full-year totals set to exceed last year.
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DOI: 10.1108/OXAN-DB257992
ISSN: 2633-304X
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Geographic
Topical
Plans for gradual reopening in Chile.
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DOI: 10.1108/OXAN-DB252366
ISSN: 2633-304X
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Geographic
Topical
LATIN AMERICA: Post-pandemic recovery will fall short
However, he will lack the commodity boom-related revenue that fuelled such programmes. Bolivia has been hit hard by the COVID-19 pandemic; GDP is forecast to contract by between…