The Economic Commission for Latin America and the Caribbean (ECLAC) made a slight upward revision to its growth projection for the region’s economies in 2024.
According to new estimates released today, the United Nations organization forecasts that the region will grow by 2.1 per cent on average this year, with South America growing by 1.6 per cent, Central America and Mexico by 2.7 per cent, and the Caribbean (excluding Guyana) by 2.8 per cent.
The region’s expected expansion in 2024 continues on the path of low economic growth observed in recent years, and the major challenge is how to move towards higher, more dynamic and inclusive growth, the UN Commission indicates.
