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COVID-19 will drive record Latin America recession

Location:

LATIN AMERICA

Latin America is now the global hotspot for the pandemic, with over 2mn cases and 100,000 deaths

Caribbean countries face looming challenges

Location:

CARIBBEAN

After strong post-pandemic recovery in many countries, growth will slow this year and next

US, China on changed GDP growth trajectories

Location:

INT

US GDP has outperformed pre-pandemic expectations, while China and other Asian giants have fallen short

COVID-19 crisis will worsen poverty in Central America

Location:

CENTRAL AMERICA

Accuracy of death figures will vary dramatically depending on testing; economic impacts will be substantial regionwide

Mexico's AMLO will survive political challenges

Location:

MEXICO

AMLO faces major political hurdles, but his rhetoric seems to resonate and will bolster his support

Workforce shrinkage will not inevitably push wages up

Location:

INT

Potential workforces are shrinking as populations age and labour participation falls or stagnates in major economies

Deaths of despair could hinder the economic recovery

Location:

INT

Social isolation and economic uncertainties arising from COVID-19 lockdowns could prompt many more deaths of despair

Prospects for emerging economies in 2023

Location:

PROSPECTS 2023

Emerging market and developing economies (EMDEs) face a cocktail of crises and global tensions will curb remedial action

Geoeconomic fragmentation will reduce long-term growth

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INT

Several studies estimate the global cost of geoeconomic confrontation, which is newly in the top three WEF global risks

Weak long-run growth raises risks to the world economy

Location:

INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity