UN: Latin America, Caribbean face worst-ever recession

A regional United Nations body is forecasting the worst-ever economic contraction for Latin America and the Caribbean, following oil prices moving into negative territory as demand drops due to global coronavirus restrictions.
Many Latin American countries which produce oil will be hit badly and the UN Economic Commission for Latin America and the Caribbean predicts a 5.3 percent drop in economic activity.

Al Jazeera’s Lucia Newman reports from Santiago, Chile.

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In This Story: Chile

Chile, officially the Republic of Chile, is a country in western South America. It occupies a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Chile covers an area of 756,096 square kilometres (291,930 sq mi) and has a population of 17.5 million as of 2017. The capital and largest city is Santiago and the national language is Spanish.

Chile borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Chilean territory includes the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. Chile also claims about 1,250,000 square kilometres (480,000 sq mi) of Antarctica under the Chilean Antarctic Territory.

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