RIO DE JANEIRO, BRAZIL - Latin America, the region most affected in the world by the pandemic, allocated in 2020 on average 4.6% of its gross domestic product (GDP) in social aid to combat the economic crisis caused by covid-19, a fiscal effort that should be maintained this year, ECLAC said Wednesday.
In the report "Fiscal Panorama of Latin America and the Caribbean" by the Economic Commission for Latin America and the Caribbean (ECLAC), the organization warned that the growth expected for this year (about 3.7%) would not be able to compensate for the fall in 2020, nor . . .
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