![[Img #74675]](https://thelatestnews.world/wp-content/uploads/2024/12/They-discover-a-new-class-of-X-ray-sources-in-the-150x150.jpg)
First modification:
In April, the Economic Commission for Latin America and the Caribbean (ECLAC) estimated that the region was going to have a growth of 1.8% this year and now it believes that it will be 2.7%. Although the projection improved, there is a warning about the economic limitations that prevent further growth.
The agency dependent on the United Nations, based in Santiago de Chile, assured in its most recent study on Latin America that “the economic slowdown has been deepened by the effects of the war in Ukraine.”
However, ECLAC is more optimistic today than it was four months ago, when it expected regional growth for 2022 of 1.8%. His new projection is 2.7%, in the midst of a scenario that he continues to describe as “very complex.”
The new impulse will be led by private consumption, although it will not be enough to reach the regional growth of 6.5% experienced in 2021, according to the report of the multilateral organization, which attributed it to inflationary pressures, along with a drop in Foreign investment.
“Although some countries in the region, mainly net energy exporters, have benefited from the high price of these products in international markets, in most of them there are falls in terms of trade, along with a slowdown in exports” said ECLAC.
Brazil, the main economy in the region, should grow 1.6% this year, while Mexico, the second largest economy in Latin America, is expected to grow 1.9%.
Annual consumer price inflation in the region was 8.4% in June, compared to 2.9% in 2020 and 2019, 3% in 2018 and 3.4% in 2017, according to data provided by the directors from ECLAC.
With EFE and Reuters
Add Comment