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The Economic Commission for Latin America and the Caribbean (ECLAC) presented the Economic Survey of Latin America and the Caribbean 2025: resource mobilization to finance developmentand the central message is clear: the region will continue to experience a period of low growth. By 2025, the region is expected to expand by only 2,2%by 2025, and of 2.3% in 2026.. These figures are somewhat better than those estimated at the beginning of the year, but they are still far from what the region needs to reduce inequalities and generate more opportunities.
Performance will not be the same everywhere. South America would have a stronger rebound, with growth of 2.7%. 2,7%supported by the recovery of countries such as Argentina, Ecuador and Colombia. In contrast, Mexico and Central America would barely reach 1%The decline in demand from the United States, their main trading partner, will have a significant impact. In the Caribbeanexcluding Guyana, the projection is for 1,8%The Caribbean, excluding Guyana, was hit by the fall in tourism and high energy costs.
Beyond the figures, ECLAC warns that the underlying problems are still present: lack of investment, high inequality and vulnerability to external factors, such as the price of raw materials or global uncertainty. For this reason, its main call is to mobilize more resources -both public and private - to finance more sustainable and inclusive development.
The outlook is in line with that of other international organizations. The World Bank estimates that the region will grow by 2.1% in 2025while the International Monetary Fund is a bit more cautious and projects 2,0%. All agree that growth will be weak and that reforms and more investment are needed to change the trend.
The diagnosis is shared: Latin America will grow, but not much, and if the challenge of transforming the economy is not met, the region will remain trapped in a cycle of modest progress, far from the potential it could achieve.
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