The World Bank on Tuesday revised its forecast upward for gross domestic product (GDP) growth in Latin America and the Caribbean for 2022.
Specifically, the figure was raised to 3%, citing that the region has "regained some degree of normalcy" and its economies have returned to their pre-Covid-19 pandemic economic levels.
In most countries, GDP and employment returned to 2019 levels, although projected growth rates could be described as 'resilient mediocrity'.
While growth is not expected to exceed the low levels of the 2010s, banking systems appear healthy, and the rising debt burden is manageable for now," the . . .