section_path: Impact by region or country/Americas/Belize
section_name: Belize
paragraph_text: Belize
  
  The fall in travel was expected to drive Belize into a deep recession in 2020. In 2020, the economy contracted 13.4% with the sharpest declines observed in net foreign demand and private consumption. On an annualized base, the unemployment rate increased 19.1% from September 2019 to September 2020.