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1 – 4 of 4The economic damage caused by the COVID-19 pandemic will be less severe than in other parts of Latin America. It is nevertheless weighing on activity, with structural weaknesses…
This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…
Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…
With the economy expected to contract by at least 5.4% this year, government measures to cushion the effects of the crisis are unlikely to be enough to stem worsening hardship for…