Latin America is still involved in the struggle to survive Covid-19 and its health, economic and social consequences. All countries to some degree have been hit by this pandemic, and their political and corporate structures are cracking.
Worldwide, political leaders stepped forward in the face of the crisis, with their political payoffs for public opinion. But they are now going through the most critical stage concerning citizens because of their health management and the impact on jobs. The global economic outlook is not good at all, but for Latin America, it is even worse. As the latest IDB report on the region indicates, Argentina and Mexico are two of the most economically affected countries due to their long quarantines, with drop rates of their product above 10% by 2020. The remaining countries in the region also face significant downturns in their economies.
Even though we might still be far from the vaccine that would stabilize the health situation, we can foresee certain trends in our region:
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