1945

Foreword

image of Foreword

The launch of Fiscal Panorama of Latin America and the Caribbean, 2020 comes amid the greatest health, human, economic and social crisis that the region has faced in the past century, as a result of the coronavirus disease (COVID-19) pandemic. The Economic Commission for Latin America and the Caribbean (ECLAC) projects that the crisis will produce an economic contraction of 5.3% in the region in 2020, the deepest recession since the 1930s, with severe repercussions for employment, poverty and inequality.

Sustainable Development Goals:
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