Reported 2 days ago
The World Bank has revised its 2025 growth forecast for Latin America and the Caribbean down to 2.1% from 2.5%, citing increasing global uncertainties such as delayed interest rate cuts and trade restrictions. The forecasts for Brazil and Mexico have also been downgraded, with Mexico now expected to see no growth this year, while Brazil's growth projection is lowered to 1.8%. Meanwhile, Argentina's growth outlook improved to 5.5% following a significant IMF deal. The World Bank emphasizes that governments must adapt strategies for growth amidst changing economic conditions.
Source: YAHOO