LATAM BANKING TIGHTLY LINKED TO PRECARIOUS RECOVERY

摘要

The Covid-19 pandemic is reshap-ing Latin America and the Caribbean, with governments looking for the best ways to continue their responses while designing more resilient economies for the future. The economic hit to the region was broader and steeper than in any other part of the world, and several countries in the region have the highest Covid-19 death rates per capita on record. Social pressures are mounting just as the region's electoral cycle moves into full gear. While the economy will rebound in 2021 and the regional financial system survived the pandemic, there are substantial problems that require answers. Latin America's overall gross domestic product (GDP) fell by 6.5% in 2020, according to the World Bank. By contrast, the world economy declined by 3.5%, while emerging and developing economies excluding China shrank by 4.3%.