Latin America Must Act – Or Brace for Political Instability
Latin America Must Act – Or Brace for Political Instability
Lackluster growth, mass protests and weak institutions before the coronavirus suggest the region is headed for even deeper trouble after it.
While it is impossible to predict how the coronavirus will spread in Latin America, one thing is certain: Recession will hit the region hard. According to the World Bank's most recent estimate, made while the effects of the pandemic in the region were just starting to spread, Latin American economies are expected to contract by 5% in 2020. A recent study by Oxfam, meanwhile, estimates that the crisis will push half a billion people into poverty — some 10% of them in Latin America. This is a recipe for political instability.
Political analysts debating the medium- and long-term...
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