World Bank Revises Latin America’s 2024 Growth Forecast Upward

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,
respectively
These figures show improvement but remain the lowest compared to other regions worldwide.LAC has demonstrated resilience in recovering from
the COVID-19 pandemic
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
Forecast Upward