UN: Latin America, Caribbean face worst-ever recession | Venezuela News

A regional United Nations physique is forecasting the worst-ever financial contraction for Latin America and the Caribbean, following oil costs shifting into adverse territory as demand drops on account of world coronavirus restrictions.

Many Latin American international locations which produce oil shall be hit badly and the UN Financial Fee for Latin America and the Caribbean predicts a 5.three p.c drop in financial exercise.

Al Jazeera’s Lucia Newman reviews from Santiago, Chile.

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