7 largest Latin American economies (excluding Argentina) to grow 1.4% this year, 2.4% next year, amid weak external demand and geopolitical risks, OECD forecasts.
Latin America's seven largest economies, excluding Argentina, will grow by 1.4% this year, according to the OECD's forecast. This moderate growth is due to weak external demand. The economies, which include Brazil, Mexico, and Chile, are expected to grow by 2.4% next year. The OECD also cautioned that global geopolitical tensions and financial market volatility could negatively impact the region.
May 02, 2024
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