Beyond the post COVID-19 recovery process which Latin America and the Caribbean will have to endure, countries in the hemisphere will also have to deal with what a United Nations study completed in July says will be “the worst recession in the region in a century that is likely to trigger a 9.1% contraction in regional GDP this year.”
The study, titled ”The Impact of COVID-19 on Latin America and the Caribbean” says that the impact of COVID-19 in parts of the hemisphere had been exacerbated by “weak social protection, fragmented health systems and profound inequalities,” assertions that appear to pin at least some of the blame for the prevailing socio-economic conditions facing countries, on internal instability.