After blowing out in April, budget deficits in Latin America remained wide in May. And while a pick-up in economic activity should help tax revenues to recover and social welfare spending to ease over the second half of the year, the slow pace of the region’s economic recovery relative to other EMs suggests that the overall fiscal cost of the crisis will be larger.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.