Of Economic Adjustment

Sojib

Added to the economic deterioration is citizen insecurity, which seems to be exacerbated by incapacity and even state complicity with organized crime, and to the slowdown in social improvements are added the corruption scandals that  led presidents, vice presidents and other officials to the judicial processing. We then arrive at 2019 with "lean cows" and a State that cannot compensate for the weaknesses of the market. Instead of being able to reactivate through spending, the public sector is on the path of fiscal adjustment. These economic adjustments light the fuse of protest in Ecuador, Chile and Colombia.7.

Peru and Paraguay also experienced institutional  crises in 2019 (but these would not be expressed in protests until well into the health crisis caused by the pandemic). The economic deterioration and the consequent unrest it caused were not always expressed Jamaica Phone Number List in the streets, but sometimes resulted in votes that punished the ruling party, as happened in the 2019 presidential elections, which forced the replacement in Argentina (where it lost the right) and in Uruguay (where the left lost). In 2020, the pandemic arrived. Quarantines and fear silenced the protests, although their causes only worsened. The region not only suffered the impact of the disease that was its epicenter for a long time, but also entered a recession.




In 2020, the Latin American economy fell 7.7% according to the Economic Commission for Latin America and the Caribbean (ECLAC)8. That drop had an unequal impact between those who could work remotely and a large sector of informal  workers who were left overnight without the possibility of earning a living. The region was also the one that accumulated the most days of education lost, which continued to deepen the inequality between those who have access to technologies for remote education and those who do not.