Rumors of a possible recession in the United States would have devastating economic consequences for several countries in Latin America.
Photo: Latin American Post
LatinAmerican Post | Santiago Gómez Hernández
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Bank of America, one of the main private banks in the United States, warned that there is a 40% chance that the North American country will enter a recession by 2023. The financial institution estimates that the US Gross Domestic Product will slow down, due to inflation and the war in Ukraine that has affected the world economy.
A crisis in the United States can generate a global crisis that affects the vast majority of countries. However, there are several that would be most affected by their immense dependence on the superpower. Against this background, there are several countries in Latin America that tremble in the face of a North American recession due to strong economic and cooperation ties.
Puerto Rico can be added this list, which is an unincorporated territory of the United States and is completely dependent on the northern country. Despite this negative estimate, the BofA analysis estimates a slight rebound in the US economy by 2024.