Impact of COVID-19 on the Latin America Economy, Deviation, Research and Forecast 2019-2025

COVID-19 epidemic is a human tragedy and is showing a huge impact on the global economy. The pandemic has majorly affected the US, China, and European countries; however, its impact can be seen in other parts of the world. Latin America is one such region that drives its economy from the trade of goods from these severely affected regions. Therefore, the outbreak has declined the economical growth of Latin American in the past few weeks. Economic Commission for Latin America and the Caribbean (ECLAC) has stated that the COVID-19 pandemic will leave a devastating mark on the global economy, which could be more intense than the 2008-2009 global financial crisis. Latin America will not be spared since it will get affected by several channels, which includes the exports of agricultural products to China, the decline of tourism in Caribbean countries, and a drop in commodity prices. The governments of the respective countries are taking measures regarding the declining economy, involving lowering interest rates, increasing social spending, and suspending bank credit fees. 

Request a Free Report on Sample of Impact of COVID-19 on the Latin America Economy at: https://www.omrglobal.com/request-sample/impact-of-covid-19-on-latin-american-economy 

Latin America is expected to face a year followed with lower economic growth along with much weaker public finances, which in turn, will lead to the potential downfall of the region in sovereign ratings. Based on industry classification, the Latin American economy is classified into automobile, food & beverage, construction, oil & gas, aviation, retail, travel and tourism, and others. Latin America generates its economic growth from the oil, manufacturing, tourism, and agricultural industry. The region has nearly 15% of oil resources of the world and exports its oil and related commodities to the US, China, and other countries. However, as per the International Monetary Fund (IMF), the global demand and supply for dry bulk shipping stocks such as commodities and building materials have relatively fallen in the past few weeks; impacting the construction and manufacturing sector. Similarly, Latin America exports oil and relative commodities to China. The decline in the economic activity in the US, China has led to a decrease in the prices for these commodities. Therefore, with the lower oil prices, there will be a slowdown of developments in Vaca Muerta and a delay in production. It will also increase the economic crisis in Venezuela, as the country has a lower down cost of oil in the recent period.  

A full report of Global Impact of COVID-19 on the Latin America Economy is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-latin-american-economy 

The Report Covers 
  • Comprehensive research methodology of the pre and post-COVID-19 impact on the US economy.
  • A detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the US economy.
  • Insights about market determinants which are stimulating the US economy.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.  
Verticals Affected Most 
  • Automobile
  • Energy
  • Food & Beverage
  • Electrical and Electronics
  • Aviation
  • Healthcare
  • Retail & E-commerce
  • Travel and Tourism
  • Others 
Company Profiles 
  • Alphabet Inc.
  • Amazon.com, Inc.
  • Apple Inc.
  • AT&T Inc.
  • Comcast Corp.
  • Chevron Corp.
  • Dell Inc.
  • Exxon Mobil Corp.
  • Ford Motor Co.
  • General Electric Co.
  • General Motors Co.
  • Hyatt Hotels Corp.
  • IBM Corp.
  • Marathon Petroleum Corp.
  • McDonald's Corp.
  • Microsoft Corp.
  • Nike, Inc.
  • Oracle Corp.
  • The Boeing Co.
  • The Coca-Cola Co.
  • The Kroger Co. 
  • The Phillips 66
  • Valero Energy Corp.
  • Walmart Inc. 
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-latin-american-economy 

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

For More Information, Visit Orion Market Research 

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

Comments

Post a Comment

Popular posts from this blog

Information System Audit Services Market to Witness Robust Expansion by 2028

Information System Audit Services Market research report greatly helps to understand comprehensive profile of ideal customers. It also ascertains the market size for your business. Understanding of customers has great significance in the business expansion as it allows making right investment in the product development and launch. Making more informed decision is easy with this market research report. Identifying right business opportunities and maintaining customer-centric approach is easy with this market research report. It also enables to stay on the top of market trends and helps to reduce business risks. Information System Audit Services Market study report provides best solutions to deal with upcoming challenges. Market research serves as a valuable tool to stay up on current trends and know forthcoming competitive scenario for the estimation period 2022-2028. Get Sample Copy of this Report at   https://orionmarketreports.com/request-sample/?id=217315 Information System Audit Se
Read more

Impact of COVID-19 on Italy Ventilator Industry Share, Trends and Forecast to 2025

As the whole world is fighting against COVID-19, the demand for ventilators has emerged significantly in healthcare facilities. Ventilators are mechanical breathing devices that are used to blow oxygen and air into the lungs. These devices are important for delivering care to people suffering from lung failure, which is one of the complications among patients with severe COVID-19. Italy is among one of the nation’s requiring a significant number of ventilators amid COVID-19 to help patients breathe easier.  A full report description of  Impact of COVID-19 on Italy Ventilator Industry  https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-italy-ventilator-industry   The global spread of coronavirus has put ventilator manufacturers under pressure to ramp up production. Due to the epidemic, the supply of essential components has disrupted, which include valves, hoses, and motors. In addition, most of the electronic products come from China which is further disrupting
Read more

North American Electric Vehicle Charger Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies in developing charging infrastructure in the region. High average cost of the IC engine-based automobile is another major factor for the growth of the market. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. The companies are expected to invest a considerable amount in developing charging infrastructure in the region. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.   A full Report of North American Electric Vehicle Cha
Read more