Latin America’s economy will close 2021 below pre-pandemic levels – World Bank

Latin American and Caribbean countries are close to recovering economic losses from the pandemic, but the aftershocks are harsh and governments must focus on the problems they had before Covid-19, the World Bank said in its semiannual report on the region presented Wednesday.

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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