May 03, 2024 13:35 (IST)
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COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean

COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean

New York/IBNS: The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, according to a report by the UN office for the region, ECLAC, published on Tuesday.