Tough Times Ahead For Latin America And The Caribbean

The IMF, the World Bank, and the Inter-American Development Bank have predicted tough times ahead for the Caribbean and Latin American countries this year.

The IMF says the region is likely to see a 5.2% decline in growth while The World Bank says Gross Domestic Product is expected to be -4.6%.

Those forecast to see the worst are Grenada and St. Lucia, which could record -7.3% and -7.2% growth, respectively.

The IDB forecast that the economic damage will carry over into 2021 and 2022 unless governments implement well-focused programs to offset the impact.

Nigel Bell, Readers Bureau, Fellow

Edited by Jesus Chan

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