RIO DE JANEIRO, BRAZIL - The Economic Commission for Latin America and the Caribbean (ECLAC) on Thursday (8) raised its 2021 growth forecast for the region from 3.7% estimated last December to 5.2%, a figure that will still be insufficient to regain the 2019 gross domestic product (GDP) level.
"This expansion will not be enough to ensure sustained growth, as the social impacts of the crisis and the region's structural problems have worsened and will be prolonged during the recovery stage," warned the United Nations agency.
For 2022, ECLAC projects a regional growth rate of 2.9%, "which . . .
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