Latin America and the Caribbean see projected growth rise to 2.2% in 2024 and 2.4% in 2025, up from 1%.

The Economic Commission for Latin America and the Caribbean projects modest economic growth for the region at 2.2% in 2024 and 2.4% in 2025, up from the 1% average growth rate between 2015 and 2024. To break from this low-growth pattern, the report emphasizes the need for improved financial resource mobilization, economic resilience, and stronger public finances. It also stresses the importance of regional coordination, environmental sustainability, and digital transformation to enhance long-term stability and growth. Despite these efforts, risks like geopolitical tensions and fiscal challenges remain.

3 months ago
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