"Fragile Latin America faces another lost decade – and maybe worse."

[EL_TIGRE_de_Tigre]

Fragile Latin America faces another lost decade – and maybe worse

Like most of the world, the region is bracing for the deepest recession in its modern history. Bank of America expects a 4.4% slump in output this year as the coronavirus epidemic spreads.

www.batimes.com.ar

I think this article says it all.

 

[EL_TIGRE_de_Tigre]

And the story goes on, as well as begins to take shape.

Ratings agencies downgrade Argentina after payment freeze

S&P adjusted Argentina's rating to "selective default" on Tuesday, after government freeze payments on dollar-denominated debt under local law. Move follows in the footsteps of downgrades from Fitch and Moody's.

www.batimes.com.ar