The International Monetary Fund on Thursday said the economic fallout of the coronavirus pandemic, combined with other problems in recent years, meant Latin America and the Caribbean would likely see 'no growth' in the decade from 2015 to 2025.
WASHINGTON - The International Monetary Fund on Thursday said the economic fallout of the coronavirus pandemic, combined with other problems in recent years, meant Latin America and the Caribbean would likely see “no growth” in the decade from 2015 to 2025.
Other countries, including Barbados and Honduras, had asked about traditional IMF programs or extensions of existing financing arrangements, he said. Given the dramatic contraction forecast for this year, and the impact of policies aimed at containing the pandemic, a sharp recovery was expected in 2021, as long as the pandemic could be contained, he said.
While individual countries would see some growth over the decade, the region as a whole would not, he added.
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