UN: Latin America, Caribbean face worst-ever recession

Virus movement restrictions and oil-price crash to push region into worst recession in history, according to UN body.

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.