Latam economies struggle with massive deficits from coronavirus shock

Latin America’s biggest economies, Brazil and Mexico, will likely struggle with increasing deficits this year as governments are forced to fight recessions sparked by the coronavirus pandemic, a Reuters poll showed. The economies of Colombia and Perú will likely fare much better, falling less than their big neighbours this year and picking up faster in 2021. Chile will probably make up for all the lost production, while Argentina just half of it.

Source: Reuters