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By Reuters Staff
3 Min Read
BRASILIA, Jan 20 (Reuters) - Latin American economies will rebound this year from last year’s recession but the risks to that outlook are almost all skewed to the downside, analysts at Fitch Ratings said on Wednesday, citing in particular the evolution of the COVID-19 pandemic.
Slower growth would also compromise government efforts to get deficits and debt back on a more sustainable, downward path, just as public pressure to spend in the face of the second wave of the virus grows, they warned.
Shelly Shetty, managing director for Sovereigns at Fitch, said that how the region weathers the second wave, the pace of vaccine distributions, the volume of shots to be rolled out and generally weak public health systems all bear monitoring.
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