RIO DE JANEIRO, BRAZIL - On average, Latin America's gross domestic product (GDP) will grow 6.3% this year, a better outlook than the entity's 4.4% forecast 7 months ago, but lower than the 6.7% regional GDP decline last year.
"The region is slowly emerging from the crisis and growing again, yet despite some new emerging sectors, the rebound is weaker than expected," said World Bank Chief Economist for Latin America and the Caribbean William Maloney in an online press conference from Washington.
Latin America has issues in infrastructure, education, energy policy, entrepreneurship and innovation that predate . . .
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