Economic Pandemic in Latin America

Faster mobility of diseases is attributed to the access of connectivity for people; spreading germs through contact. As a result of this, the COVID-19 virus in Wuhan, China, has changed several hotspots, beginning with the country of origin and then shifting to Western Europe, the United States of America and now South America. South America or the predominantly Latin America has had a traumatic relationship with pandemics because of its colonial past.

Trend in the shifting of the epicenter is its descent from high-income countries to medium and low-income countries. As a result, Latin America is profoundly affected by the Coronavirus due to its struggling healthcare infrastructure, and the economic apprehensions which may engulf the region soon and prove to be more fatal than the Corona Virus. As of now, over half of the active coronavirus cases are in the Americas, predominantly concentrated in three countries; the U.S.A, Brazil and Peru.

The COVID-19 pandemic has struck at a time when Latin American economies were already facing some of the deepest slumps in recent memory. Exigency to rescue a floundering economy during the time of the Pandemic, gives rise to the discomforting conundrum, whether to resume the economy or not.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x