By Stéphane Monier, Lombard Odier Group, Geneva
RIO DE JANEIRO, BRAZIL - Images of green oxygen cylinders have come to symbolize a collapsing health system in the Brazilian city of Manaus, in the northern state of Amazonas. Covid-19 patients in the city of 2 million people are dying during a second surge in cases as medical supplies run out. The pandemic management in Latin America highlights policy differences, with far-reaching implications for economic recoveries.
The economic impact of slow-to-implement vaccination programs, coupled with the risk of rising inflation, have created risks for investors in the region . . .