Latin America

ECLAC raises its 2022 growth forecast for Latin America from 1.8% to 2.7%

By Latin America News · August 23, 2022 · 1 min read

The Economic Commission for Latin America and the Caribbean (ECLAC) raised this Tuesday its growth forecast for the region for 2022 from 1.8% estimated in April to 2.7%, although it warned that the scenario is “very complex”.

The UN agency, based in Santiago de Chile, said in a new study that “the economic slowdown has been deepened by the effects of the war in Ukraine” and “the growing limitations faced by domestic macroeconomic policy to boost growth”.

ECLAC raises its growth forecast from 1.8% to 2.7% in Latin America for 2022. (Photo internet reproduction)

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To this, ECLAC added, “must be added the strong inflationary pressures, the low dynamism of job creation, falls in investment and growing social demands”.

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ECLAC raises its 2022 growth forecast for Latin America from 1.8% to 2.7%

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