Geopolitics

World Bank projects 4.3% decrease for the Chilean economy in 2020

According to the World Bank, the abrupt economic slowdown in the U.S. and China has altered the supply chains of Mexico and Brazil and has caused a sharp drop in exports from commodity-producing economies, such as Chile and Peru. A 7.2% decrease is projected for Latin America. The World Bank anticipates a drop in 8% of Brazil’s GDP, 7.3% for Argentina, 12% for Peru, 5.9% for Bolivia, 4.9% for Colombia and 4.3% for Chile. Among the least affected countries in the region are: Uruguay (-3.7%), Paraguay (-2.8%), Panama (-2%), Guatemala (-3%) and Costa Rica (-3.3%).

Source: EMOL