Latin America, already pummeled by the pandemic, now faces a sharp increase in poverty and an exodus of its citizens to elsewhere in the world.
Feeling opportunities had dried up in their native Brazil, Solange Campideli and her husband recently resettled in Scotland with their daughter.
“The economy drove us out,” said Ms. Campideli, a teacher, “and I don’t believe things are going to change much.”
Latin America has suffered nearly 30% of world-wide deaths from Covid-19 despite having just 8% of the population, according to Johns Hopkins University. And in 2020, the region logged the steepest economic contraction anywhere, the International Monetary Fund said.
Now, it is bracing this year for rampant inflation, low growth and high interest rates that promise hardship for tens of millions of people mired in poverty as businesses struggle…
