INSUBCONTINENT EXCLUSIVE:
The World Bank has revised its economic growth projections for Latin America and the Caribbean (LAC) in 2024
The institution now forecasts regional GDP to expand by 1.6% in 2024.Growth rates of 2.7% and 2.6% are expected for 2025 and 2026,
These figures show improvement but remain the lowest compared to other regions worldwide.LAC has demonstrated resilience in recovering from
GDP and employment levels have returned to pre-pandemic figures, and poverty rates have fallen below pre-crisis levels.World Bank Revises
(Photo Internet reproduction)However, the region faces a complex global environment characterized by weak commodity prices and low growth in