IMF says Caribbean faces spectre of another ‘lost decade’ due to COVID-19

WASHINGTON, DC, United States (CMC) — A senior International Monetary Fund (IMF) official has warned that Latin America and Caribbean (LAC) countries face the spectre of another “lost decade” during the 2015–25 period, due to the novel coronavirus disease (COVID-19) pandemic.

Director of the IMF’s Western Hemisphere Department, Alejandro Werner, in a blog posted on the IMF website under the caption ‘Economic Policy in Latin America and the Caribbean in the time of Covid-19,’ said that, as of Thursday, an estimated 3,000 people had died from COVID-19 in Latin America and the Caribbean.

“While the pandemic continues to spread across the region, countries are facing the worst economic recession since countries started producing national accounts statistics in the 1950s,” he wrote.

http://www.jamaicaobserver.com/news/imf-says-caribbean-faces-spectre-of-another-lost-decade-due-to-covid-19_192254