Preliminary Overview of the Economies of Latin America and the Caribbean 2020
ECLAC released its Preliminary Overview of the Economies of Latin America and the Caribbean 2020 – one of the United Nations organization’s flagship annual reports – during a virtual press conference given by its Executive Secretary, Alicia Bárcena.

According to the document by the Economic Commission for Latin America and the Caribbean (ECLAC), in a context of global contraction, Latin America and the Caribbean is the region in the developing world that has been hardest hit by the crisis stemming from COVID-19. In the decade prior to the pandemic, the region was on a low-growth trajectory, and in 2020 it faces an unprecedented combination of negative supply and demand shocks, which is translating into the worst economic crisis in the last 120 years.
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