Latin America and the Caribbean will expand 2.4% this year, the Economic Commission for Latin America and the Caribbean said, marking the second upward revision since April but pointing to the region's struggle to escape chronically weak growth.
The World Bank expects Latin America and the Caribbean’s economy to expand 2.3% in 2025, a slight uptick from 2.2% in 2024, with growth projected to reach 2.5% in 2026.
China has once again rejected American efforts to pressure Latin American nations into reducing ties with Beijing, with a foreign ministry spokesperson asserting the region's right to choose its own development partners independently.
UNDP warns of stagnation and rising vulnerability across the region amid "overlapping crises".
Latin America stands at a critical juncture in its energy evolution, with its largest economies showing both remarkable progress in renewable adoption and persistent challenges in weaning themselves off fossil fuels.