Latin America

LatinAmerica Covid19

Latin America: Heavy Dependence On Informal Labour And Tourism Exacerbates The Covid-19 Shock

Crédito y Caución (Atradius) | Of all emerging market regions, Latin America and the Caribbean (Latam) has been most affected by the Covid-19 pandemic, both in terms of infection and death rates, and regarding the impact on its economy. The outlook is highly uncertain and weighted down by growing fears of a new wave of infections. Rising prospects of multiple Covid-19 vaccines are definitively hopeful. However, the vaccine rollout is expected to move more slowly in the Latam region compared to advanced markets due to smaller vaccine orders so far relative to population and more logistical challenges. Therefore the economic benefits from the vaccine are expected to manifest first through the improving external environment as rollout across advanced markets boosts trade, commodity prices and external financing flows.



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Stock markets plunge

MADRID| By J.P. Marín Arrese | Buenos Aires acted in the right way by bridging the gap between its currency real value and the fake official quote. Yet, in doing so, it has openly exposed the emerging countries’ vulnerability. For the last years, their expansion delivery showed an outstanding record harnessed by cheap money conditions and renewed risk appetite, once the financial crisis looked firmly under control.


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Latin America to hit half of EU’s unemployment rate

MEXICO CITY | By David Brunat | Latin America is on its way to give a lesson to the European Union in terms of employment. By the end of the year the subcontinent is to hit a 6.2% jobless rate, a record low, according to a shared report issued by the Economic Comission for Latin America and the Caribben (ECLAC) and the International Labour Organization (ILO). The region has already reached a 6.6% rate in the third quarter, while in the EU Spain, Portugal and Greece are approaching a staggering 30%. Latin America’s jobless rate is even lower than that of the United States (7.3%).


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BBVA wants to avoid surprises in Latin America

MADRID | BBVA Chairman Francisco González wants to eliminate all risks in Latin America and avoid the unpleasant situations his Spanish peers Repsol, REE, Iberdrola, Abertis or Aena had to put up with in the continent.