People wait outside Lima's central market as Peru extended a nationwide lockdown amid the outbreak of the coronavirus disease (COVID-19), May 8, 2020.

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Bank of America projects that the region’s economy will shrink by almost 7% this year.

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People wait outside Lima's central market as Peru extended a nationwide lockdown amid the outbreak of the coronavirus, May 8, 2020.

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Sebastian Castaneda/Reuters 

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