Dealmaking with China amid global economic uncertainty: Opportunities, risks, and recommendations for Latin America and the Caribbean In-Depth Research & Reports by Sergio Ley López and Salvador Suárez Zaizar
Introduction
The COVID-19 pandemic is exerting extraordinary pressure on Latin American and Caribbean economies with reverberations that will be felt for years to come. October estimates point to a 8.1 percent contraction of regional GDP this year, accompanied by a 23 percent reduction in exports. Between January and May, Latin American and Caribbean exports to most destination markets saw sharp decreases, including to the United States (-22.2 percent) and the European Union (EU) (-14.3 percent). However, China the first major economy to recover from the pandemic appeared to be an exception (-1.2 percent). As Latin America looks to rebuild from the pandemic, the trajectory of its b