World Bank official: unemployment rate in Latin America may reach 25 million in 2020

category:Finance
 World Bank official: unemployment rate in Latin America may reach 25 million in 2020


In addition, the latest data released by Costa Rica, a central American country, shows that since the outbreak of the epidemic in March this year, the national average unemployment rate from March to may reached a record high of 20.1%, and the registered unemployed population reached 468000, compared with about 278000 in the same period last year. Jaramilo said that the World Bank predicted that the number of poor people in Latin America would reach 50 million this year, and the economic development of the whole region would experience a serious recession. The world bank has deployed nearly $2 billion to deal with the economic crisis in the region caused by the epidemic. At present, the public debt level of Latin American countries is still in a reasonable range. The International Monetary Fund has previously predicted that Latin American economy will shrink by 9.4% this year and may return to the growth level of 3.7% in 2021. Source: CCTV news client editor in charge: Yang Zeyu_ NF6036

In addition, the latest data released by Costa Rica, a central American country, shows that since the outbreak of the epidemic in March this year, the national average unemployment rate from March to may reached a record high of 20.1%, and the registered unemployed population reached 468000, compared with about 278000 in the same period last year.

Jaramilo said that the World Bank predicted that the number of poor people in Latin America would reach 50 million this year, and the economic development of the whole region would experience a serious recession. The world bank has deployed nearly $2 billion to deal with the economic crisis in the region caused by the epidemic. At present, the public debt level of Latin American countries is still in a reasonable range.