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ECLAC predicts weak growth for Latin America in 2021

ECLAC predicts weak growth for Latin America in 2021 ECLAC predicts weak growth for Latin America in 2021 Santiago de Chile, Dec 16 (Prensa Latina) Latin America and the Caribbean are predicting 3.7 percent economic growth in 2021, insufficient to recover pre-pandemic Covid-19 levels, ECLAC warned today. The Economic Commission for Latin America and the Caribbean (ECLAC) offered an updated Preliminary Balance of the Latin America and the Caribbean Economies 2020, according to which the region s economy will contract by 7.7 percent this year. Upon presenting the study, in a virtual press conference in this capital, ECLAC Executive Secretary Alicia Barcena explained that the growth forecast for 2021 responds to a statistical rebound because it has a very low base of comparison with respect to this year, so that the levels of 2019 would only be achieved in 2024.

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