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Significance
The health crisis, national lockdowns and a global recession have combined to create a difficult environment in Latin America, while governments’ responses to the pandemic have been uneven. The region is once again repeating its history of boom-and-bust cycles and risks experiencing a lost decade similar to the 1980s.
Impacts
Income polarisation will increase, with a simultaneous rise in poverty and concentration of wealth at the top.
Regional collaboration is unlikely due to lack of political leadership and ideological differences.
While a Biden presidency might take a more cooperative line, Latin America will receive little US attention whatever the election outcome.
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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