Sample Report 5 years of Latin America economic forecasts for more than 30 economic indicators. A slowdown in China would contribute further to lower commodity prices and increase corporate risks. Some governments in the region are therefore refraining from implementing crucial measures to keep their budgets in check as elections loom. Price pressures are expected to be stronger in Argentina this month, while the other economies in the region saw their inflation forecasts unchanged. In particular, fiscal space is constrained by high debt, slower growth, and lower commodity revenues.
Recent data suggests that the economic recovery has stumbled. Despite improved economic activity, most governments in the region still face large budget deficits, which threaten to derail the ongoing growth momentum. This rate cut followed similar moves in Brazil and Colombia earlier in Mexico is expected to grow at a moderate 2. Latin America and the Caribbean has contributed little to high global emissions, but is now is leading on green transport, emission targets, and payments for environmental services.
The Bank is working closely with countries to increase efficiency, spur innovation, develop urban and rural infrastructure, and develop a better skilled and more flexible labor force. Low productivity is the main challenge for the region, which was not able to narrow the significant productivity gap with advanced economies, despite periods of sustained economic growth. We are using cookies to give you the best experience on our site. Brazil is mired in a deep recession with growth contracting by 3. In Colombia, higher inflation and uncertainty about the outcome of the May presidential election prompted consumers to moderate their spending, dragging on overall economic growth in Q4.
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Countries need to address external and fiscal imbalances, strengthen regional economic integration to become more competitive globally, and avoid unduly sacrificing investment in the adjustment process. How can we make our banks more resilient? The population in the region is ageing.
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