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The 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…
Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in…
The second quarter will almost certainly be worse. COVID-19 containment measures have hit consumption and investment while a US slowdown in the first half of the year has weighed…
Details
DOI: 10.1108/OXAN-DB255105
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
Details
DOI: 10.1108/OXAN-DB256305
ISSN: 2633-304X
Keywords
Geographic
Topical
Poverty, inequality and insecurity are on the rise in the wake of COVID-19