RIO DE JANEIRO, BRAZIL - Latin America's economy will advance by 5.2% this year, above the 3.2% forecast in January. However, its growth will depend on "moderate progress in vaccination, the relaxation of restrictive measures and an increase in raw material prices", said the World Bank (WB) on Tuesday.
However, the Washington-based multilateral organization predicted that the Latin American region's Gross Domestic Product (GDP) would decline by 2.9% in 2022.
"The region continues to be severely affected by the covid-19 pandemic, and cases have risen sharply after slowing down in early 2021," the WB . . .