Latin America may “take many years” to overcome Covid-19 blow, IMF warns

For Latin America and the Caribbean, the IMF estimated inflation of 9.7% for 2021 and 6.9% for 2022. In South America, the projection is particularly high in relation to the rest of the region, at 12% for 2021 and 8.9% for 2022, even without including data for Argentina.

RIO DE JANEIRO, BRAZIL - In Latin America and the Caribbean, the adverse effects of the Covid-19 pandemic on productivity, employment, and human capital could "take many years to reverse," the International Monetary Fund (IMF) warned Thursday.

"We see that it will take some time, perhaps not even in our five-year forecast horizon, for the region's GDP to return to the pre-crisis trend," IMF Americas Department acting director Nigel Chalk said as he unveiled the economic outlook for the region.

For 2021, the IMF raised its growth forecast for Latin America and the Caribbean to 6.3 . . .

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