The Economic Commission for Latin America and the Caribbean (ECLAC) He improved on Tuesday in two tenths his regional growth forecast for this year and raised its 2.2% estimate Despite the commercial war.
“Latin America and the Caribbean crosses in 2025 a new phase of economic slowdown. After a rebound in the first quarter of 2024, the growth of regional GDP lost dynamism towards the end of that year, and it is expected that it will be moderated from 2.3% recorded in 2024 to 2.2% in 2025“The United Nations agency warned, based in Santiago.
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This trend, the ECLAC added in the ‘Economic study of Latin America and the Caribbean 2025’confirms a low growth decade, in which the average GDP expansion has been only 1.2% in the 2016-2025 period, even lower than that recorded in the 1980s.
Latin America
This is the second update that ECLAC makes since the US President Donald Trumpbegan a commercial war against most of its commercial partners, including Latin America.
By 2026, the international agency estimates that the region will expand 2.3%.
Argentina and Panama, at the head
Argentina (5%), Panama (4.2%), Paraguay (4%) and Dominican Republic (3.7%), Guatemala (3.6%) and Costa Rica (3.5%) will lead economic growth this year, according to new ECLAC figures.
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In the middle of the table they are Honduras (3.2%), Nicaragua (3.1%), Peru (3.1%), Uruguay (2.8%), Colombia (2.5%), Chili (2.4%), El Salvador (2.4%), Brazil (2.3%) and Venezuela (2%).
In the tail, but even with positive figures, there are Caribbean islands (1.8%) – without counting Guyana–, Bolivia (1.5%), Ecuador (1.5%) and Mexico (0.3%), while Cuba (-1.5%) and Haiti (-2.3%) are the only ones that will decrease this year, according to the United Nations agency.
Latin America
“Economic performance will continue to be conditioned by the weakness of external demand, restrictive financial conditions and fragility derived from internal factors such as less dynamism of consumption, low investment, high labor informality and persistent structural inequalities“The ECLAC explained.
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The global and regional panorama for 2025 and 2026, he added, “It is subject to high uncertainty. The dynamics of growth of economies in the region could deteriorate because of an increase in global risks“
Latin America, the most unequal region in the world, closed both 2023 and 2024 with a growth of 2.3%.
EFE
