The 2019–20 coronavirus pandemic was confirmed to have reached South America in February 2020. Since then, governments across the region have taken an array of actions to protect their citizens and contain COVID-19’s spread.
As of 13 March, all countries in South America, and the French overseas department of French Guiana, had been infected with at least one case.
Aside from the health risks, there will be an economic impact as well. On March 2, the OECD decreased global GDP growth expectations for the year by half a point to 2.4 percent. Prior to the epidemic, the IMF predicted 1.6 percent GDP growth for the region for 2020. In a perfect storm for economies, dropping oil prices have resulted in plunging Latin American markets and currencies.
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