Latin America’s economy will fall sharply in 2020 due to the containment measures of dealing with the Coronavirus (COVID-19). The region’s consumer expenditure will also fall in 2020. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances both of which have been hit hard. Latin America is still lumbered with a host of structural impediments including monopolies, bureaucracy and inflexible labour markets.
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