Latin America economy - updates

Rappler's latest stories on Latin America economy


Latin America jobless to increase by 11.5 million due to virus – U.N.

May 22, 2020 - 8:30 AM

The United Nations also expects Latin America's economy to shrink by an estimated 5.3% in 2020 – the worst fall since 1930

A funeral worker wearing protective clothing as a preventive measure against the novel coronavirus, COVID-19, walks through Caju cemetary in Rio de Janeiro, Brazil, on May 9, 2020. - The novel coronavirus has killed at least 276,435 people worldwide since the outbreak first emerged in China last December, according to a tally from official sources compiled by AFP at 1900 GMT on Saturday. (Photo by Carl DE SOUZA / AFP)

Pandemic to provoke worst ever recession in Latin America

Apr 22, 2020 - 8:35 AM

A United Nations body expects Latin America's gross domestic product to see a record contraction of 5.3% in 2020

PATROL. Police officers patrol a market while wearing face masks to prevent the spread of the new coronavirus, in Caracas, on March 15, 2020. Photo by Cristian Hernandez/AFP

Coronavirus could spark 2nd Latin America 'lost decade' – IMF

Apr 17, 2020 - 11:15 AM

Latin America's 'lost decade' traditionally refers to the 1980s, when countries were forced to tightened their belts to meet debt payments. Could this happen again?

HOMELESS. A homeless man wears a face mask against the spread of the coronavirus in Cali, Colombia, on March 22, 2020. Photo by Luis Robayo/AFP

U.N. predicts 'deep recession' in Latin America due to virus

Apr 04, 2020 - 8:25 AM

'We're faced with the largest fall in growth that the region has had,' says the United Nations Economic Commission for Latin America and the Caribbean

Farmers offer their products for sale in a market in downtown Ozumba, Mexico state, on April 3, 2020, during the outbreak of the novel coronavirus. (Photo by CLAUDIO CRUZ / AFP)

What does 10,000,000% inflation look like? See Venezuela

Oct 09, 2018 - 8:27 PM

In 2019 hyperinflation in Venezuela is expected to leave earth's orbit, hitting 10 million percent, a figure so large and improbable, readers of the IMF report had to count the zeroes to make sure they had the correct number

Picture of a new five Bolivar-note (R) and its equivalent in old Bolivar-bills in Caracas on August 20, 2018. Caracas is issuing new banknotes after lopping five zeroes off the crippled bolivar, casting a pall of uncertainty over businesses and consumers across the country. / AFP PHOTO / Federico PARRA