Uruguay, Paraguay and to a lesser extent Costa Rica, in turn, have performed comparatively well in containing the spread of the Covid-19 due in part to their low inhabitant densities, sparsely occupied border regions, and their distance from the main population centres. The major cities in these countries are also smaller than the large cities of Brazil and Argentina, for instance, and low-income areas, where the virus spreads easier and quicker, are less dense as well.
In addition to the health risks, the pandemic will also provoke a significant economic impact in the region, whose effects can already be perceived in many of its nations. The World Bank forecast that the Latin American and the Caribbean as a whole will experience a GDP contraction of 7.2 per cent in 2020. Before the pandemic in October 2019, the World Bank had expected a GDP growth of 1.8 per cent for the region this year.
Latin America has been slower in easing travel restrictions as the outbreak continues across many countries, however, some of them have officially started gradually reopening their borders for tourism. It is highly recommended to constantly check the entry requirements for each nation before planning your trip, whether on business or leisure.