Latin America's new lost decade

  • 2022-01-04
  • Jose Antonio Ocampo
In any other year but this one, economic growth in Latin America would give the region’s governments reason to boast. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) estimates that GDP growth in 2021 will be around 6%, while the International Monetary Fund forecasts 6.3% growth. Unfortunately, even the more optimistic projection is insufficient to compensate for the -6.8% contraction the region suffered in 2020. Latin America will be the worst-performing region of the developing world as it emerges from the pandemic. Due to the ver...
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