RIO DE JANEIRO, BRAZIL - JANUARY 31 : Passengers are seen wearing masks at Galeao International Airport in Rio de Janeiro, Brazil, on January 31, 2020 following Coronavirus outbreak. The new coronavirus epidemic has killed 106 people and infected more than 4,500 in China and 56 more confirmed cases in at least 18 countries, according to the World Health Organization (WHO). (Photo by Fabio Teixeira/Anadolu Agency via Getty Images)
How Coronavirus Poses New Risks to Latin America’s Sputtering Economies
China’s economy has come to a sudden stop. Outside of China, the impact of the slowdown has already been felt, with companies like Apple and Land Rover warning of lower production, as parts for their products simply fail to arrive on time. For Latin America, which counts China as its largest trade partner overall, the risks are also piling up. Here we approach four main channels through which the shock to China’s economy may be felt in Latin America.