As Latin America continues to battle the coronavirus outbreak, some economies in the region could see a “record-breaking contraction” not seen since World War II, according to investment bank Goldman Sachs.
Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement.