Regional Economic Outlook, October 2020, Western Hemisphere:Pandemic Persistence Clouds the Recovery

Regional Economic Outlook, October 2020, Western Hemisphere

Publication date: October 2020

ISBN: 9781513558264

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Topics covered in this book

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Finance , International - Economics , Poverty and Homelessness , pandemic , lockdowns , recovery , reopening , public health , REO , IMF staff calculation , nominal GDP , trading partner , world bank LAC estimate , hard currency , potential GDP , banking sector , fiscal policy , COVID-19 , Debt restructuring , Securities markets , Caribbean , Global , Central America

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Summary

The pandemic continues to spread in Latin America and the Caribbean (LAC), but economic activity is picking up. After a deep contraction in April, activity started recovering in May, as lockdowns were gradually eased, consumers and firms adapted to social distancing, some countries introduced sizable policy support, and global activity strengthened.