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Latin America and the Caribbean s Foreign Trade Marks its Worst Performance since the Global Financial Crisis Due to the Pandemic

Latin America and the Caribbean s Foreign Trade Marks its Worst Performance since the Global Financial Crisis Due to the Pandemic 01/22/2021 | 03:16pm EDT Send by mail : Message : Required fields Latin America and the Caribbean s foreign trade in 2020 had its worst performance since the global financial crisis of 2008-2009, above all because of the economic crisis prompted by the global COVID-19 pandemic and the restrictions imposed by governments to stop its spread. According to new projections by ECLAC, it is estimated that the value of regional exports dropped -13% in 2020 while imports shrank by -20%, the United Nations organization indicated today upon unveiling a new edition of its flagship annual report

Latin America s Foreign Trade Drops to 12-Year Low: UN Agency

[uam ad id= 317182 ] 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 . . . To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here

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