RIO DE JANEIRO, BRAZIL - Latin America and the Caribbean's foreign trade in 2020 saw its worst performance since the 2008 global financial crisis, mainly due to the COVID-19 pandemic and its impact on economies, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said on Friday, January 22nd.
In its newly-released annual report International Trade Outlook for Latin America and the Caribbean 2020, the UN agency estimated the value of regional exports dropped 13 percent in 2020, while imports shrank by 20 percent.
Still, the drop in trade is less than the 23-percent . . .