Latin America and the Caribbean: Time for reforms to address long-standing challenges, says new report
According to this 14th edition of the report, LAC experienced a historical economic downturn in 2020. The region’s gross domestic product (GDP) contracted by around 7.0%. Despite a rebound of around 6.0% in 2021, its GDP per capita is not expected to return to pre‑crisis levels before 2023‑24. The impact of the crisis has been asymmetric, particularly affecting the most vulnerable groups.
United States Economicoutlook Latinamerica Development Centre European Commission United Nations Economic Commission For Latin America Development Centre Of The Organisation For Economic
Source: oecd.org