RIO DE JANEIRO, BRAZIL - Latin American economies will rebound this year from last year’s recession but the risks to that outlook are almost all skewed to the downside, analysts at Fitch Ratings said on Wednesday, January 20th, citing in particular the evolution of the COVID-19 pandemic.
Slower growth would also compromise government efforts to get deficits and debt back on a more sustainable, downward path, just as public pressure to spend in the face of the second wave of the virus grows, they warned.
Shelly Shetty, managing director for Sovereigns at Fitch, said that how the region weathers . . .
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