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Ecuador Political News

An Economic Storm Is Going to Devastate Latin America Very Soon- The Wire

Latin America’s economic history has long been forged through crises and shocks that stem from the global system. But there is no historical precedent for the turmoil that is just beginning to unfold in the region.

The COVID-19 pandemic has struck at a time when Latin America’s economies were already facing some of the deepest slumps in recent memory. Countries that just a decade ago were riding a growth wave of 5, 6, or 7% seen growth rates fall to 1% or less. For several years, Latin America has been the slowest-growing region in the Global South. Now, the coronavirus shock will bring its economies to a tipping point.

Latin America is certainly not unique in this respect: the pandemic has delivered a one-two punch of health crisis and economic disaster almost everywhere it has spread. But the blow will be especially hard for Latin American countries because of their external economic dependence, dilapidated public sectors, and severe social inequalities.

To read the full article on The Wire, click here.



Disgraced Chevron Ecuador fraud attorney Steven Donziger’s biggest supporter is now being accused by the U.S. Government of anti-Semitism. Donziger’s list of allies gets more despicable by the day
“At no time while working on the #Ecuador Project did I see any data supporting a finding of groundwater contamination from [Texaco] operations away from the pits,” a scientist hired by #Ecuadorian plaintiffs testified. Full testimony here: AmazonPost photo
Falsified reporting of technical findings facilitated #Ecuador #fraud against Chevron, scientist for the #Ecuadorian plaintiffs testified: AmazonPost photo
Members of indigenous communities in the Amazon in Ecuador would like to know: What happened to the more than $20M reportedly raised on their behalf by now-disbarred NY lawyer Steven Donziger? #FollowtheMoney
#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.

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