Macroeconomy/Finance

Eclac: Economic recovery in Latin America must aim at “greater social protection”

The latest report from Economic Commission for Latin America and the Caribbean (Eclac) indicates that 2020 will have the worst economic decline in Latin America and the Caribbean since 1930. With an estimated drop in regional GDP of -5.3%, this will directly increase the unemployment rate by at least 3.4 percentage points, reaching 11.5%. The UN body assures that “the dilemma between health and economy is only going to be solved with greater social protection”.

Source: EMOL

Categories: Macroeconomy/Finance