Latin America and the Caribbean GDP could grow 2.1% this year

The Economic Commission for Latin America and the Caribbean (ECLAC) raised its 2024 GDP growth forecast for the region by 0.2 percentage points to 2.1% from 1.9% in December. ECLAC forecasts GDP growth in South America at 1.6%, Central America and Mexico at 2.7% and the Caribbean (excluding Guyana) at 2.8%.

People shop at a market in Ozumba, Mexico. Photo: AFP/TTXVN

ECLAC experts said that the region's economy will continue to grow at a low rate this year due to the complicated world situation and below-average global economic and trade activities.

In addition, high interest rates in developed countries will increase financing costs in emerging countries, making their vulnerability to debt burdens worse.

THU GIANG

Source: https://www.sggp.org.vn/gdp-my-latinh-va-caribe-co-the-tang-21-trong-nam-nay-post739445.html