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#2024WCA: Panel—Digitizing the Americas
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World Bank cuts Latam 2024 GDP forecast, says competition key for growth | Hellenic Shipping News Worldwide
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Latin America, Caribbean economies expected to grow at slowest rate in world
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World Bank Cuts Latam 2024 GDP Forecast, Says Competition Key for Growth
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The World Bank on Wednesday downgraded its 2024 economic growth forecast for Latin America and the Caribbean to 1.6% from its previous estimate of 2.3%, saying the region continues to lag growth rates registered in other parts of the world. The region's economic growth could get a needed boost by an increase in competition, but corporate diversification faces constraints including in education and infrastructure, the bank said in a report. The current rate of growth in Latin America and the Caribbean is not enough to drive prosperity, the bank added.