section_path: Impact by region or country/Americas/Latin America
section_name: Latin America
paragraph_text: Latin America
  
  The recession caused by COVID-19 is expected to be the worst in the history of Latin America. Latin American countries are expected to fall into a "lost decade", with Latin America's GDP returning to 2010 levels, falling by 9.1%.The amount by which the GDP is expected to fall per country is listed below.
  
  Other sources may expect different figures. In Panama, COVID-19 is expected to subtract US$5.8 billion from Panama's GDP. Aiding Chile's downfall is reduced demand for copper from the US and China, and an increase in price volatility, as consequences of the COVID-19 pandemic.